3 years ago
joebiden
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Ryanair Cuts Outlook
Ryanair shares plunged on Monday after it cut its earnings forecast for the second time in two months, predicting it would record net profit of up to €520m in 2013-14. Europe's largest low-cost carrier now expects earnings to fall compared with 2012-13, when it reported net profit of €569m. It reduced its net profit forecast to between €500m and €520m for the year to March 31 2014, having previously said it expected earnings to be at the lower end of a range of €570m to €600m.
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