Ryanair Holdings PLC (LON:RYA) made its name, and its profits, by being ahead of the curb. The company announced a profit warning this morning that left investors in European airlines wondering if they were missing something. Ryanair hasn’t missed estimates on annual profit in a decade, and routinely beats projections. Something may be rotten in the European airline industry. This morning Ryanair PLC (LON:RYA) announced that it expected profits to be around 575-600 million Euros for the full year. Analysts were expecting round 645 million Euros from the budget airline by consensus. The revelation led to an 11 percent drop…
Ryanair Profit Warning Bodes Poorly For Europe Economy
HFA Staff
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