A note from the company warns investors about the repercussions of Brexit
Ryanair has cut its earnings forecast by 5% for the fiscal year ending March 2017.
The decision was determined by the depreciation of the pound and the average tariffs destined to drop by 15% in winter. "We warn - underlined the CEO Micheal O'Leary in a note - that the revision of the guidance remains strictly dependent on the fact that there is no further weakening of tariffs in the second half or of the pound".
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