Irish LCC Ryanair’s net profit for 2017-18 has risen 10% to €1.45 billion ($1.71 billion), delivering a 20% net margin, even after thousands of flight cancellations in fall 2017, but rising labor and fuel costs mean a weaker result is expected for 2018-19. Ryanair CEO Michael O’Leary said the profit increase had been achieved despite overcapacity in Europe, weaker fares, rising fuel prices and the impact of the fall 2017 crew-scheduling crisis. During the 12-month period, ...

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