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Irish budget airline Ryanair blamed higher interest rates and low consumer confidence after finding demand was not as intense as anticipated in April, May and June.
Ryanair Says Summer Fares May Be Flat Despite Low Capacity bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Ryanair RYA.I CEO Michael O Leary said on Monday that a recessionary feel around Europe could be a factor in slower-than-expected growth in airfares as the low-cost carrier posted record annual profits slightly ahead of expectations.O Leary warned two weeks ago that summer fares would likely be lowe
Ryanair CEO Michael O'Leary said on Monday that a "recessionary feel around Europe" could be a factor in slower-than-expected growth in airfares as the low-cost.