Ryanair warns of turbulence to come if strikes continue

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Budget airline Ryanair has warned of more turbulence ahead after a tough summer in which it was hit by strikes and rising costs. 

The low-cost carrier said that full-year profits would be 12pc lower than expected, from €1.25bn-€1.35bn (£1.1-£1.2bn) to €1.1bn-€1.2bn, after a drop in traffic due to co-ordinated pilot and cabin crew strikes in Germany, Holland, Belgium, Spain and Portugal in September.

It added that further disruptions in its third quarter “cannot be ruled out”, which may require full-year guidance to be lowered further.

Ryanair admitted it had to lower its fares after customer confidence was knocked by the strikes, disrupting bookings for October half-term and Christmas. 

The news shook the aviation sector, with Ryanair shares falling 8.5pc to 12p, a two-year low, in morning trading.

Elsewhere in the industry, EasyJet fell more than 5pc, Air France was down 3.5pc, Lufthansa 2pc and British Airways owner IAG more than 3pc.





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