Ryanair has lowered its full year profit guidance for 2019 from a current range of €1.25bn - €1.35bn, to a new range of €1.10bn - €1.20bn. Ryanair has lowered its full year profit guidance for 2019 from a current range of €1.25bn - €1.35bn, to a new range of €1.10bn - €1.20bn. The low-fares airline blamed the 12pc cut in its guidance on a combination of lower passenger traffic in September, a reduction in forward bookings in its third quarter, and higher oil prices. Read more: Ryanair passengers braced for more disruption amid cabin crew strikeThe airline also noted higher re-accommodation costs arising from recent strike action that it experienced. Commenting on two recent strikes, Ryanair CEO Michael O’Leary said that while the airline regretted the disruptions, it had on both strike days operated over 90pc of its schedule.

Source: Irish Independent October 01, 2018 07:04 UTC