Ryanair, the largest airline in Europe by passengers warned that falling rates in winter season can damage your financial goals for the year.
Ryanair, the largest airline in Europe by passengers warned that falling rates in winter season can damage your financial goals for the year.
“We are lowering tariffs in a way much more pronounced than in the past by the impact of Brexit “said Michael O’Leary, CEO of the Irish airline.
the manager was” very cautious “about the group forecasts for the present fiscal year ending in March 2017, in which the airline expects its profit improved 13% to between 1,380 and 1,430 million euros. The group expects to transport 117 million passengers by the end of this year.
Ryanair has stimulated demand during the summer season (April to September) by a price reduction of 9% after the British referendum in June. But the adjustment was higher than initially expected between 6 and 8%, O’Leary said.
Ryanair has weathered so far this drop in rates by solid data of passengers carried in summer and the cost savings you have made.
Now, after the summer, the group may have to revise their estimates. “If rates in the second half of the year fall more than 10 or 12%, then we have to revise our annual forecast,” he admitted the CEO of the airline after noting that there is much uncertainty regarding reservations in winter.
O’Leary announced that Ryanair’s growth plans in the UK 6% for next year by the Brexit, from 15% predicted before the outcome of the referendum will be reduced year.
it now expects 44.5 million passengers in the UK, compared with 50 million estimated before the historic vote.
the airline group announced in the weeks after the plebiscite that would cut flights from Gran Britain in favor of other European routes
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