Oct 1, 2018
Ryanair pays price for making take-off optional
On Monday, Ryanair warned of a, roughly, €150m cut to its full-year profit after tax, to a lower range of €1.10bn-€1.20bn, because "Customer confidence" had been "Affected by fear of further strikes". Arguably because Ryanair - despite reaching agreements with pilots and crew in Ireland, the UK and Italy - still cannot rule out further flight disruption elsewhere in Europe, "Which may require full-year guidance to be lowered further". Paying a higher price of $82 a barrel for the 10 per cent of its oil bill that is not hedged puts it in the same position as its competitors. Last year the German discounter's sales rose 16.4 per cent to £10bn and its operating margin ticked up to 2.6 per cent. Boss Dave Lewis has vowed to lift group margins from close to 3 per cent to nearer 4 per cent.
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