During the third and fourth quarters of 2016, it does not matter what sector a company flies; if it has the bulk of its revenues in GBP and the bulk of costs in Euro or USD then it will see margins fall. The announcement of a cut to Ryanair’s expected full-year profits to a range of €1.3bn to €1.35bn from €1.375-€1.425bn is therefore no surprise whatsoever. In fact today’s announcement if anything shows that Ryanair is weathering the Brexit and European/North African terrorist actions rather well; it is far less exposed than the likes of EasyJet, for example. But what

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In