Ryanair’s full year profits have fallen 29% to €1.02bn, the company said. The company saw traffic growth of 7% and a decline in fares of 6% in the year to March 31 2019. Michael O’Leary, chief executive of Ryanair, said he is expecting “broadly flat group profits” into the financial year ending in 2020 – when their reporting will include Lauda in the consolidated Ryanair Group – but this is dependent on “no negative Brexit developments”. We continue to have utmost confidence in these aircraftThe company said: “Assuming revenue per passenger (RPP) growth of 3%, we are guiding broadly flat Group profits. Michael O’Leary, chief executive of Ryanair, said: “As previously guided, Ryanair (excluding Austrian low-cost airline Lauda) reports a full year after tax profit of €1.02bn.

Source: Irish Examiner May 20, 2019 05:48 UTC