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Planes and markets. Ryanair reduces its net profit in third quarter

Rome, Italy - Sterling exchange rate went down and the net profit of the airline fell 8% to 95 million euros

Ryanair closed third quarter of fiscal year 2016-2017 with a reduction of 8% of its net profit that closed at 95 million euros. The decrease was caused by the reduction of ticket price and to the simultaneous loss of value of exchange rate for the British Sterling. Anyhow the CEO of Ryanair Michael O’Leary said to be satisfied by the results: in the quarter that ended on December 31 the airline c...

AVIONEWS - World Aeronautical Press Agency - 1202028

AVIONEWS - World Aeronautical Press Agency
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