The Dublin-based carrier has warned that profits for the year will likely fall by five percent to a new range of between $1.4 and $1.49 billion in this year through the end of March 2017. Despite the expected decline in profits, Ryanair expects that traffic will increase by 12 percent to 119 million customers. While higher load factors, stronger traffic growth, and better cost control will help to ameliorate these weaker revenues, it is prudent now to adjust full year guidance which will rise by approximately seven percent rather than our original guidance of 12 percent.
Ryanair Is the Latest Airline to Suffer Brexit-Induced Turbulence
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