Ryanair Posts Profit, Says Lower Prices to Hold Back Results
- Irish carrier says fare cuts needed spur winter demand
- Discounter aims to fly up to 103 million passengers this year
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Ryanair Holdings Plc posted its first quarterly profit since the start of the Covid-19 pandemic, while warning it will need to cut fares over the winter in order to sustain the recovery.
Ryanair declined in Dublin trading after it reported net income of 225 million euros ($260 million) for the three months through Sept. 30 -- a figure that missed analysts’ estimates nonetheless.