Ryanair has reported a fall in profit over the summer following a drop in ticket prices and has been forced to trim its passenger forecasts because of Boeing delivery delays.
Europe’s largest low-cost airline on Monday reported net profit of €1.79bn for the six months to the end of September, an 18 per cent decline from a year earlier.
Chief executive Michael O’Leary put the 10 per cent fall in average ticket prices to €52 down to factors including “consumer spending pressure” amid higher interest rates.
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