May 30, 2017

Ryanair expects lower fares but reports record profits

Ryanair expects its fares will fall further this year, although the drop will be less steep than in 2016. The airline said fares would fall by between 5% and 7% in the year to the end of March 2018, down from a fall of 13% in the past financial year. Europe's largest carrier by passenger numbers also reported a record annual net profit of 1.316bn euros, up 6%. But the carrier warned that Brexit and the risk of terror attacks in Europe remained a threat to its business.

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