LONDON: Ryanair Holdings Plc reported an 8% drop in third-quarter earnings and said it’s “cautious” about meeting full-year targets as a capacity glut and stuttering economies cause fares to tumble.
Profit after tax fell to 95 million euros (US$102mil) in the three months ended Dec 31 from 103 million euros a year earlier, Dublin-based Ryanair said in a statement. Analysts had predicted that the figure would be barely changed at 102 million euros, based on eight estimates.
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