Ryanair reported full-year net income of €523 million ($716 million), down 8% from a net income of €569 million in the prior year. The airline said the results were slightly ahead of its previous guidance. Ryanair CEO Michael O’Leary said, “While [it was] disappointing that profits fell 8% to €523 million—due mainly to a 4% decline in fares, weaker sterling and higher fuel costs—we reacted quickly to this weaker environment last September by ...

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