Ryanair Predicts Fare Reduction Will Put Pressure On Its Profits
The Northern Echo › July 28, 2009
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Summary
RYANAIR claimed its full-year-profits would be hit by fare cuts to attract cashstrapped passengers, despite a 550 per cent jump in profits for the first quarter of the year.
The budget airline, which flies from Durham Tees Valley and Newcastle airports, reported first-quarter net profits of 136.5 million euros ([pounds]118m) to the end of June - up from 21 million euros last year, thanks to plunging fuel costs.See the full content of this document
Extract
Ryanair Predicts Fare Reduction Will Put Pressure On Its Profits
Despite a fall of 13 per cent in the average fare over the same period, its revenues fell by l...
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