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Ryanair CEO says expects lower fares in year to March 2018
February 6, 2017 / 11:36 AM / in 10 months

Ryanair CEO says expects lower fares in year to March 2018

DUBLIN, Feb 6 (Reuters) - Ryanair is assuming average fares will fall by about 5 percent as it prepares its annual budget but “does not have a clue” how they will actually perform, Chief Executive Michael O‘Leary said on Monday.

“We are working on budgets for full year (to March 31) 2018 where we are assuming a yield decline of something of the order of 5 percent, but that is a guess. We hope it will be less than that... it might be worse than that,” O‘Leary said. (Reporting by Conor Humphries; editing by Jason Neely)

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