Ryanair expects flat summer fares amid uncertainty
Ryanair reported a 2.26 billion euro annual profit but warned that peak summer fares will be flat. Higher oil prices and economic uncertainty are hitting bookings.
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RYANAIR HOLDINGS PLC reported a €2.26B after-tax profit for the year ending March, beating analyst forecasts of €2.20B. The result rose from previous cycles despite an €85M provision related to a fine in Italy. Economic uncertainty is now expected to wipe out growth in peak summer fares.
