Ryanair on Monday (29 July) posted profits for the three months to June 2019 of €243 million, down from €309 million during the same period last year.
The budget carrier said the UK had proved one of its two weakest markets during Q1 owing to Brexit concerns “weighing negatively on consumer confidence and spending”.
Average fares fell 6% to €36, which Ryanair said helped fuel an 11% growth in traffic to 42 million and revenues up 11% from €2.08 billion to €2.31 million.
