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The Guardian - UK
The Guardian - UK
Business
Gwyn Topham Transport correspondent

Ryanair profits plunge amid lower fares and Boeing delays

Ryanair Boeing 737-8AS lands at Riga airport
Ryanair said problems at Boeing meant it would cut its growth plans for next year. Photograph: Ints Kalniņš/Reuters

Ryanair’s profits have dropped by nearly a fifth, as lower peak-season fares met higher costs that the airline blamed partly on problems at Boeing.

Summer fares were down by an average 7% as Ryanair cut prices to keep its planes full, carrying 9% more passengers from April to September this year than last.

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