BloombergRyanair Holdings PLC joined a chorus of European carriers in warning that a fare war and weakening economies might hold back earnings this year. Ryanair chief executive officer Michael O’Leary said he was “cautious” on prices this year, with no visibility for the second half, which encompasses the winter season. The fuel bill is set to swell by 460 million euros (US$513 million), slightly ahead of last year’s increase. Five aircraft should be operational for the winter timetable after being scheduled for delivery from last month. Ryanair forecast net income of 750 million euros to 950 million euros this year after a 39 percent decline to 885 million euros in fiscal 2019.

Source: Taipei Times May 20, 2019 15:56 UTC