Ryanair has warned that profits will slump for the first time in five years as rising labour costs compound a fuel price surge that may force weaker competitors out of business.
Net income could fall as much as 14 per cent in the year to the end of March 2019, the airline said this morning.
An increase in fuel costs will pressure earnings in the short term but could also spur a new round of airline failures...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team