Ryanair profits slide due to lower fares and Brexit uncertainty

Chief executive Michael O’Leary says airline is cutting prices to encourage bookingsRyanair has reported its lowest profit in four years and forecast another slide this year, as air fares fell on the back of Brexit uncertainty and fierce competition in Europe.Michael O’Leary, the Ryanair chief executive, said fares would continue to fall in the UK and Germany, pointing to consumer nervousness about Brexit. “There is a later booking pattern and we’re having to stimulate bookings with lower air fares,” he said. Continue reading…
Via: Ryanair profits slide due to lower fares and Brexit uncertainty