Ryanair Slashes Profit Forecast Amid Travel Agent Dispute
Ryanair has lowered its profit forecast for the year due to a dispute with online travel agents, which led to a decrease in flight bookings and increased fuel costs. The airline's after-tax profit is now expected to be between €1.85bn and €1.95bn, down from the previous forecast of up to €2.05bn. Ryanair's ongoing battle with online booking sites has resulted in a temporary impact on its business, but it remains optimistic about its long-term prospects despite potential challenges such as delays in the delivery of new aircraft and geopolitical events.