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Budget limitations for Ryanair

Budget limitations for Ryanair

Heading into this financial year, management at Ryanair (RYA) was on the “pessimistic side of cautious”. Rightfully so, as after-tax profit during the first quarter fell by a fifth to €319m (£285m). Costs have crept up, including a 40 per cent jump in “right to care” compensation when more than 2,500 flights were cancelled due to air traffic control strikes in France. The budget airline is bringing its grievances to the European Commission over “unacceptably frequent” disruptions in France. The cancelled flights also wiped 14 percentage points off Ryanair’s punctuality score, now at 75 per cent.

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