Ryanair sees profits dive after challenging summer | Money News
Ryanair - Europe's largest budget airline - has reported a significant profit decline and scaled back its growth expectations amid challenges from Boeing aircraft delivery delays, lowered fares, and consumer spending pressures. For the six-month period ending in September, Ryanair's net profit dropped by 18% to £1.5bn, down from the same period last year.
The airline attributed this decrease to a combination of factors, including a fall in peak-season fares and increased operational costs.To attract more passengers, Ryanair had reduced ticket prices by 10% on average compared with the previous year. The move helped it carry a record 115 million passengers, a 9% increase, over the April-to-September period.
However, chief executive Michael O'Leary explained the lower fares had also contribu...










