Ryanair sees more turbulence after profit slumps on cheaper fares

London: Irish no-frills airline Ryanair on Monday warned of further profits turbulence after annual earnings slumped almost a third, mainly on cheaper fares triggered by overcapacity in the European short-haul sector. Profit after tax dropped 29 per cent to €1.02 billion ($1.14 billion; Dh4.17 billion) in the year ending March 31 compared with a year […]