Ryanair CEO ‘Very Cautious’ on Profit Forecast as Fares Fall

  • Winter price drop of 10%-12% would prompt review of outlook
  • Spending cuts helped offset fare drops so far, O’Leary says

Ryanair Holdings Plc warned it won’t be able to cut spending fast enough if a drop in ticket prices accelerates this winter, reflecting the strain facing European airlines as terrorist attacks and volatility stemming from Brexit spook travelers.

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