Ryanair cuts profit outlook on Brexit concerns
Credit: Rob Finlayson
Irish low-cost carrier (LCC) Ryanair has lowered its 2016-17 full-year net-profit guidance to €1.3-€1.35 billion ($1.4-$1.5 billion), 5% lower than previously forecast, because of currency exchange effects following the UK’s decision to leave the European Union (Brexit). Ryanair is based in the...
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