Ryanair's Profit Plunge: A Canary in the Coal Mine for Airlines? Ryanair's latest financial report shows a 34% slump in profit after tax (PAT) to €593 million.
The airline giant's numbers appear mixed, with revenue up 1% to €4. 4 billion and passenger numbers increasing by 6%. However, this growth is largely due to aggressive discounting on fares.
Ticket prices are likely to remain lower than last year, with some analysts predicting further downward pressure on pricing.