Figures published this morning by Ryanair Holdings Plc saw profits for the 3 months to June 2019 come in at €243 million, ahead of the €232 forecast by analysts, but down from €309 this time last year. Blaming overcapacity, Boeing’s 737 MAX, and Brexit (of course, who doesn’t?) fares over the reporting period had already fallen by 6 per cent and this was likely to continue for the rest of the summer. Before these results were announced, the shares settled on Friday at €10.02, roughly half 2017’s peak.
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