Ryanair posts rise in profit but warns of 'Brexit developments'

The group said the year was marred by terrorist attacks across Europe, confirming flight bookings fell in the aftermath of the explosion at the Manchester Arena last week.

Ryanair pledged to continue cutting fares as it posted a 6% rise in annual profits despite intense competition and the Brexit vote.

Ryanair chief executive Michael O'Leary said the Irish airline faced "difficult" trading as the group posted profits of €1.31 billion for the year to March 31.