Ryanair says Brexit may affect profit forecasts
Airline sticks to guidance, but expects bigger drop in fares
Ryanair has warned that it may lower its profit forecast for the current financial year amid weakening travel demand stemming from Britain’s decision to exit the European Union.
The uncertainty surrounding economic growth and consumer confidence following the Brexit vote will lead to further fare declines in the second quarter with the company now predicting an 8 per cent drop in fares in the six months to the end of September, compared with ...
