Dublin
Ryanair brought lower:Profits at Ryanair plummeted 93% in the last three months of 2023 from a year earlier, brought down by the Irish airline – Europe’s biggest – having been “kicked off a string of travel agents’ websites”, says Chris Price in The Telegraph. Ryanair also blamed higher fuel costs for its €14.8m quarterly profit and cut its maximum profit forecast for the year by €10m to €1.95bn. That will come as a personal blow to chief Michael O’Leary (pictured), who is in line for a €100m bonus if the company posts a €2.2bn profit or it can maintain a share price of at least €21 for 28 days – it is at around €19 now.
Ryanair had repeatedly branded travel agents’ websites as “pirates” for taking a cut of its revenues – the airline has now warned it will have to slash fares to win new business. Boeing, the maker of almost all Ryanair’s planes, is another “potential source of turbulence”, says Oliver Taslic on Breakingviews. Last week, the US regulator,