The budget carrier has lowered its net profit guidance for the year ended March 31 from the range €245-€255 million to a new figure of €225-€235 million. The airline’s chief executive Jozsef Varadi said the unusually severe weather meant it was “prudent to trim the company’s guidance” for the full year.
The airline estimated the immediate cost of weather disruption during the third quarter was €5 million, plus ‘an adverse macro effect’ of another €5 million and a weaker fare environment that cost it €10 million when it lowered fares to encourage sales.
