Ryanair boss says 'recessionary feel' could be limiting air ticket price rises
Favicon 
www.allsides.com

Ryanair boss says 'recessionary feel' could be limiting air ticket price rises

Ryanair (RYA.I), opens new tab CEO Michael O'Leary said on Monday that a "recessionary feel around Europe" could be a factor in slower-than-expected growth in airfares as the low-cost carrier posted record annual profits slightly ahead of expectations. O'Leary warned two weeks ago that summer fares would likely be lower than the 5% to 10% rise it expected as recently as late April. The airline said on Monday its fresh forecast of flat to modest year-on-year peak summer...