Ryanair 1Q 2020 net profit down 21% on lower fares, higher costs

Credit: Rob Finlayson
Irish LCC Ryanair reported a net profit of €243 million ($382 million) in the first quarter of the 2020 financial year, down 21% from €309 million in the year-ago period, as average fares declined 6% and costs rose. “The current weak fare environment has continued into the second quarter and we...

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