Ryanair profits slide, warning of jobs losses as industrial action mounts

The airline said it it made a profit of €319 million in three months to the end of June, even as higher costs eroded its profit margins

23rd July, 2018
Ryanair head offices. Pic: Getty

Ryanair has reported a 20 per cent drop in first-quarter profits due to higher staff costs and the surge in oil prices and has warned that continuing industrial action could lead to job losses.

The airline said it it made a profit of €319 million in three months to the end of June, even as higher costs eroded its profit margins. The company’s net margin, always among the highest in the airline industry, slipped to 15...

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