Ryanair profit warning

Irish airline Ryanair, the budget carrier Europeans love to hate for its poor customer service and often extortionate "extra" costs, has issued a shock profit warning, sparking a share price plunge across Europe's airlines sector. Ryanair's shares fell 15 per cent after it said it could miss profit forecasts, blaming intense competition and falling airfares.

Irish airline Ryanair, the budget carrier Europeans love to hate for its poor customer service and often extortionate "extra" costs, has issued a shock profit warning, sparking a share price plunge across Europe's airlines sector. Ryanair's shares fell 15 per cent after it said it could miss profit forecasts, blaming intense competition and falling airfares.

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