Ryanair Fined €256M in Italy for Abusive Online Travel Agency Tactics
Ryanair has been fined €256 million in Italy for allegedly employing an 'abusive strategy' against online travel agents.
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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.
"Ryanair Lowers Profit Forecast Due to Travel Agent Dispute and Boeing Delays"
Ryanair trims its profit forecast for the year after online travel agents abruptly halt sales, leading to increased empty seats on flights and lower fares over Christmas and New Year. The airline now expects an after-tax profit of 1.85 billion to 1.95 billion euros, down from its previous forecast, due to higher costs per passenger and lower-than-expected net profit for the third quarter. Despite the setback, Ryanair sees some optimism for the summer and remains committed to its long-term passenger growth target.