Ryanair cuts an­nual profit fore­cast by5%

China Daily (Canada) - - BUSINESS -

Ryanair, Europe’s lead­ing low-cost air­line, cut its an­nual profit fore­cast by 5 per­cent on Tues­day due to the im­pact of the plung­ing pound. In a state­ment, the air­line said it re­duced its full-year net profit guid­ance by 5 per­cent from a pre­vi­ous range of 1.375 bil­lion eu­ros ($1.51 bil­lion) to 1.425 bil­lion eu­ros to a newrange of 1.3 bil­lion to 1.35 bil­lion eu­ros. It said the pri­mary cause of the slightly

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