Summary
RYANAIR sent a chill wind through the battered airline sector yesterday as it warned that price-cutting would dent its annual profits.
Investors shrugged off the Irish carrier's better-than- expected first-quarter profit, which was largely boosted by lower fuel costs, and focused instead on the full-year outlook.See the full content of this document
Extract
City Spooked by Ryanair Warning Over Annual Profits
Michael O'Leary, Ryanair's outspoken chief executive, said the airline expected to book net profits of at least 200 milli...
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