Ryanair Holdings changed its full-year profit goal for the second time in 2014, saying that it now expects annual net income to be in the range of €750 million and €770 million ($936 million to $961 million). This projection exceeded Ryanairs previous forecast by at least €100 million. Earlier in 2014 the company made a profit forecast of between €620 million and €650 million. The company also shared that its net profit over the second financial quarter increased by 14%. Ryanair revealed that its after-tax-profit increased to €598.2 million ($749 million) as sales jumped by 6.75% to €2 billion. The Chief Executive Officer of Ryanair – Mr. Michael OLeary said in a statement: "We are pleased to report this significant increase in H1 profits. While partially due to the presence of Easter in Q1 and a weak prior year comparable, we have also enjoyed a strong summer thanks to our strategy of raising forward bookings and improving our customer experience, which has delivered higher load factors and yields."