Over €1bn wiped off Ryanair’s share value

Over €1bn was yesterday wiped off Ryanair’s share value, after the airline said it expects full-year profits to be lower than expected.

Early trading saw the company’s share price fall by over 14% — or close to €1 — to €5.82, its biggest daily fall in more than two years.

This followed the publication of the airline’s latest trading update, which noted that while management still anticipates full- year after-tax profits — for the 12 months to the end of next March — to fall within the €570m-€600m range, “there can be no guarantee that the full-year outturn may not finish at — or slightly below — the lower end of this range”.