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Ryanair board under pressure as profits drop and strike action rumbles on

Independent.ie  2018-07-29 17:00:00

Ryanair unveiled its results for the three months to the end of June last Monday. These showed a 20pc reduction in after-tax profits to ?319m. This was despite a 7pc increase in passenger numbers, to 37.6 million. The share price fell 5pc on the results. The airline blamed the profit dip on lower fares - Ryanair's average fare for the quarter was down 4pc to ?38.68 - plus an early Easter along with higher fuel and pilot costs.

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