Ryanair said its quarterly profit after tax had fallen 46% and fares will be lower than expected in the summer months.
The budget airline said that profit after tax in the three months to the end of June, Ryanair’s first quarter came in at 360 million euros ($392 million). That’s compared with 663 million euros over the same period a year ago, the company said.
It also comes despite a 10% increase in passenger traffic to 55.5 million during the quarter, Ryanair said.

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