Ryanair warns shareholders of weaker summer fares as profits slip
- Ryanair reported weaker-than-expected profits for its first financial quarter, citing a need to "stimulate" flight sales due to consumer caution.
- The average fare dropped by 15%, with no signs of ending markdowns, according to Ryanair.
- Group Chief Executive Michael O'Leary warned shareholders that summer fares would be significantly lower than previously anticipated due to a weak consumer backdrop.
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Total News Sources0
Leaning Left2Leaning Right1Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
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