Ryanair Sees a Summer Strong In Traffic, Weak In Prices
Ryanair Holdings Plc forecast that earnings growth will slow this year as a spate of terror attacks and lower fuel prices prompt airlines to cut ticket prices. Europe’s largest discount carrier expects net profit to rise about 13 percent in the year through March after a 43 percent surge in the previous fiscal year, the Dublin-based company said Monday in a statement. Ticket prices are due to fall 7 percent in fiscal 2017, with the pace of the declines accelerating in the winter travel season, Ryanair said. Chief Executive Officer Michael O'Leary joined Bloomberg's Anna Edwards in London and Manus Cranny in Dubai on "Countdown" to discuss the figures.
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