DUBLIN: Ryanair said a further drop in the value of sterling has forced it to cut its forecast for full-year profit by 5%, adding that average fares could fall more sharply this winter.
Europe’s largest low-cost airline, which depends on Britain for around a third of its revenue, said an 18% slide in the pound against the US dollar following the country’s vote to leave the European Union, would cut fares by between 13% and 15%.
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