Russ Mould, investment director at AJ Bell, said: “Ryanair’s third quarter profits have taken a nosedive after suffering a multi-million-euro competition fine in Italy.
“Even putting that fine aside, profits have still declined in the period.
“Ryanair doesn’t seem too worried, with an upgrade to full-year traffic guidance and fare growth.
“Running an airline is all about getting as many bums as possible on seats, selling extras, and keeping costs low.
“Ryanair is good at all these things, and it has form in riding out short bursts of turbulence.
“The downward trend in the oil price works in its favour and it has locked in a big chunk of its fuel requirements for the next financial year at a much lower price than the current year.”
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