For the first time since 2004, Ryanair announced that its actual profits for the year may not reach expectations. As a result, shares fell 11% by the end of trading in London on Wednesday. "We are seeing some weakness in forward bookings into September, October, November, and that leads us to be more cautious on the full-year guidance," Michael O’Leary, the carrier's chief executive, told analysts on Wednesday.

Related Summaries