Ryanair revealed sharply falling profits following a surge in fuel costs and cut its full-year profit outlook after being removed from some online travel agent websites.
The budget carrier reported after-tax profits slumping to €15m (£12.8m) for its third quarter to the end of December, from €211m (£180m) a year earlier.
The Irish airline said the group’s fuel bill surged by 35% to €1.2bn (£1bn), which outweighed a 17% rise in revenues.
Ryanair has told Boeing (BA) that if any US customers refuse to take delivery of 737 MAX 10 aircraft, that it would buy them “at the right price”. Boeing has been mired in regulatory and safety concerns following the Alaska Airlines incident where a fuselage plug blew off an aircraft earilier in January.
Ryanair, Europe’s largest by passenger numbers, already has 150 firm orders for the MAX 10, the largest jet in the 737 family, and options for 150 more, with the first deliveries due in 2027.
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