{"id":6470,"date":"2019-01-18T07:55:34","date_gmt":"2019-01-18T07:55:34","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/ryanair-issues-profit-warning-as-fares-fall\/"},"modified":"2019-01-18T07:55:34","modified_gmt":"2019-01-18T07:55:34","slug":"ryanair-issues-profit-warning-as-fares-fall","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/ryanair-issues-profit-warning-as-fares-fall\/","title":{"rendered":"Ryanair issues profit warning as fares fall"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Ryainair\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/6E35\/production\/_105231282_ryangettyimages-1083156952.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">Ryanair has cut its profit forecast blaming lower-than-expected air fares. <\/p>\n<p>The airline&#8217;s chief executive, Michael O&#8217;Leary, said Ryanair could not rule out even lower fares, which are expected to fall 7% this winter.<\/p>\n<p>He said the low fares were already causing problems for rivals, including Flybe which was rescued last week.<\/p>\n<p>Full-year profits are now expected to be in a range of \u20ac1.0bn to \u20ac1.1bn (\u00a3880m to \u00a3970m), compared with its previous forecast of \u20ac1.1bn to \u20ac1.2bn.<\/p>\n<p>The profit forecast has been cut despite Ryanair saying it expects to carry more travellers than forecast.<\/p>\n<p>Mr O&#8217;Leary said there was too much capacity on short-haul routes in Europe this winter, adding that customers were enjoying &#8220;record lower air fares&#8221;.<\/p>\n<p>&#8220;We believe this lower fare environment will continue to shake out more loss making competitors, with WOW, Flybe, and reportedly Germania for example, all currently for sale,&#8221; he said.<\/p>\n<p>Air fares had been expected to fall by 2%, rather than 7%.<\/p>\n<p>More cuts could be coming,  Mr O&#8217;Leary added.<\/p>\n<p>&#8220;While we have reasonable visibility over forward bookings [for the fourth quarter], we cannot rule out further cuts to air fares and\/or slightly lower full year guidance if there are unexpected Brexit or security developments which adversely impact yields between now and the end of March,&#8221; he said.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46916389\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Getty Images Ryanair has cut its profit forecast blaming lower-than-expected air fares. The airline&#8217;s chief executive, Michael O&#8217;Leary, said Ryanair could not rule out even lower fares, which are expected to fall 7% this winter. He said the low fares were already causing problems for rivals, including Flybe which was rescued last week. &hellip; <\/p>\n","protected":false},"author":0,"featured_media":6471,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/6470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=6470"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/6470\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/6471"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=6470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=6470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=6470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}