Picture of Ryanair plane

Ryanair has stated its common fares fell sooner than “initially deliberate” within the remaining three months of final yr, whereas earnings on the airline additionally declined.

Common fares have been down by 17% and earnings fell eight% to 95m euros (£82m).

Nevertheless, passenger numbers rose by 16% to 29 million within the third quarter, and its planes flew at 95% capability.

The provider stated it was “cautious” in regards to the the rest of the monetary yr, however that earnings can be in step with expectations.

Ryanair’s common fares have been 33 euros (£28) per passenger within the October-to-December interval, the third quarter of its monetary yr.

It stated it was rising capability and including new routes and bases at a time when different airways have been additionally including capability, and “accordingly the worth atmosphere stays weak”.

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Reuters

Ryanair added that uncertainty following the Brexit vote, weaker sterling and the change of constitution capability from Turkey, Egypt and North Africa into Spain and Portugal, would “proceed to place downward strain on pricing for the rest of this yr” and subsequent.

The airline stated its outlook for the rest of this yr was “cautious”.

Nevertheless, it stated it was “sustaining its full-year revenue steerage within the vary of 1.30bn to 1.35bn euros”, though it added that “this steerage closely is dependent upon the absence of any unexpected safety occasions”.

Within the subsequent monetary yr it stated it appeared clear that “pricing will proceed to be difficult and we’ll reply to those opposed market situations with sturdy visitors progress and decrease unit prices”.

Ryanair chief monetary officer Neil Sorahan instructed the BBC that whereas the airline had plans to develop within the UK “we’ve got been fairly clear that as we transfer nearer to Brexit… that we can’t develop as shortly within the UK as we would in any other case have performed”.

“We’ve got 15% market share now all throughout Europe so there’s an terrible lot extra to play for and we’re seeing loads of nice alternatives outdoors of the UK,” he added.