Ryanair warns over outlook

Ryanair has warned it will not be able to cut spending fast enough if a drop in ticket prices accelerates this winter, reflecting the strain facing European airlines as terrorist attacks and volatility stemming from Brexit spook travellers.

The carrier, Europe’s largest discount airline, has been able to offset price declines during the summer season with cost cuts, while it has also been filling more available seating, chief executive Michael O’Leary told reporters in London yesterday.

Even so, there is not much the airline can do in terms of lower spending or increasing non-ticket revenue if fare declines continue to intensify, he said.