May 20, 2019
Ryanair cautious on outlook as profits slide
EPA Ryanair's profits fell by nearly a third last year to €1bn as fuel costs rose and fares fell. Europe's biggest discount airline added that profits could be lower this year as fares continue to fall. For the current financial year, the carrier said it was "Cautious" on pricing and had "Zero" visibility for the second half of the year. The figures exclude the loss of €139m from the Austrian airline Lauda it took over last year. The craft have 4% more seats, are 16% more fuel efficient and noise emissions are 40% lower, but because of the delay to deliveries there will not be any cost benefit for Ryanair until the 2021 financial year.
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