Ryanair cuts full-year profit forecast, declines in quarter. Irish low-cost carrier said it expects full- year profit of 1.95 billion euros, below the previous ceiling of 2.05 billion euros.
“Fuel has been a big headwind for us,” Chief Financial Officer Neil Sorahan noted in an interview. The decision by online travel agencies such as Booking.com to remove Ryanair adverts, after a series of legal skirmishes, has led the company to reduce prices.