However the airline remained cautious, issuing another warning about the disruption that could be caused by Brexit to UK flights in 2019. Ryanair’s profits over the last three months soared 55% to €443.7m, up from €286.5m a year earlier. The airline cut costs by 6% as its fuel bill fell, despite the increase in passenger numbers. Keeping plane purchase, maintenance and staff costs low has allowed Ryanair to undercut rivals while raising profits. The fare cuts appear to have spooked investors, with Ryanair shares falling more than 5% in early trading.

Source: The Guardian July 24, 2017 08:55 UTC