Ryanair profits plunge amid lower fares and Boeing delays
by Gwyn Topham transport correspondent from World news | The Guardian on (#6RZ33)
Problems with delivery of 737 aircraft left airline over-crewed and over-costed', says CEO Michael O'Leary
Ryanair's profits have dropped by nearly a fifth, as lower peak-season fares met higher costs that the airline partly blamed on problems at Boeing.
Summer fares were down by an average 7% as Ryanair cut prices to keep its planes full, carrying 9% more passengers from April to September this year than last.
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