(Bloomberg) -- Ryanair Holdings Plc Chief Executive
Officer Michael O'Leary predicted a ``big downturn'' for the
discount-airline industry and said the carrier's average ticket
prices will be lower this year.
The stock fell as much as 5.2 percent, its biggest decline
since June 5, when the airline said profit would grow at the
slowest rate in four years. Ryanair cut prices on 3 million seats
at a cost of as much as 45 million pounds ($89.4 million) over
three months, O'Leary said today at a press conference in London.
Read more at Bloomberg Exclusive News
Officer Michael O'Leary predicted a ``big downturn'' for the
discount-airline industry and said the carrier's average ticket
prices will be lower this year.
The stock fell as much as 5.2 percent, its biggest decline
since June 5, when the airline said profit would grow at the
slowest rate in four years. Ryanair cut prices on 3 million seats
at a cost of as much as 45 million pounds ($89.4 million) over
three months, O'Leary said today at a press conference in London.
Read more at Bloomberg Exclusive News
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