Ryanair sees more turbulence after profit slumps on cheaper fares

Irish no-frills airline Ryanair on Monday warned of further profits turbulence after annual earnings slumped almost a third, mainly on cheaper fares triggered by overcapacity in the European short-haul sector. Profit after tax dropped 29 percent to 1.02 billion euros ($1.14 billion) in the year ending March 31 compared with...

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