How cheap will it be? The price war in the aviation industry brockt Ryanair with a massive decrease in profit. Also, for the current fiscal year, the prospects are rather bleak.
In the twelve months to the end of March, the gain of the low-cost airline Ryanair fell by around 39 percent to 885 million euros. Without the start-up losses at Lauda motion, the profit would have totaled more than a billion euros and thus at the bottom of the early January reduced the forecast. The sales went up by almost eight percent to 7.7 billion euros.
reason for the massive decline in the price battle in the air travel industry, start-up losses at the acquired airline, Lauda motion, as well as higher Oil prices and costs for personnel.
