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Ryanair, full-year profits slip 8% for the Irish airline

Dublin, Ireland - Decrease mainly due to a decline in fares, weaker sterling and higher fuel costs

The first profit decline in five years for Ryanair.The Irish low-cost airline announced today, May 19, its 2013-2014 fiscal year results. Profits fell 8% to 523 billion Euros for the 12 months to March 2014. The drop is mainly due to a 4% decline in fares (because of more and more cutthroat competition), weaker sterling and higher fuel costs. On the contrary, the Irish carrier registers an increase...

AVIONEWS - World Aeronautical Press Agency - 1160259
Rome, Italy, 05/19/2014 16:35
AVIONEWS - World Aeronautical Press Agency

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