RYANAIR’S FIRST-HALF EARN­INGS HIT BY BREXIT

The Sun (Malaysia) - - SUNBIZ -

LON­DON: Ire­land’s bud­get air­line Ryanair yes­ter­day re­ported a slow­down in first-half prof­its growth due to Bri­tain’s June vote to leave the Euro­pean Union. The com­pany posted net prof­its of €1.2 bil­lion (RM5.5 bil­lion) in the six months to the end of Septem­ber, Ryanair said in a re­sults state­ment. That com­pared to €1.1 bil­lion for the same pe­riod in 2015. Ryanair chief ex­ec­u­tive Michael O’Leary added that it had faced “dif­fi­cult mar­ket con­di­tions” that in­cluded “the ad­verse eco­nomic im­pact of the Brexit vote in June which saw ster­ling weaken ma­te­ri­ally over the peak sum­mer pe­riod”. – AFP

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.