Fall in ticket prices affects profits for Ryanair

RyanairRyanair Aircraft. Photo: Ryanair

The Irish low-cost airline, Ryanair, reported that profits were down by 29% as a result of lower ticket prices.

But the company can still refer to solid numbers.

For the operating year that ended at the end of March, Ryanair reported a net profit of EUR 1.02 billion.

In the operating year 2019–2020, Ryanair expects profits to fall further, to somewhere between €750 million and €950 million. The company said the cause is pressure on ticket prices as a result of
aggressive competition in aviation.

© NTB Scanpix / #Norway Today

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