Irish budget airline Ryanair said it expects the excess short haul capacity in Europe to continue during 2019 and, unlike its competitors, does not foresee a summer increase in fares. The comments came as the company reported a €19.6m ($22.4m) loss for Q3 2018, compared to last year's profit of €105.6m, citing weaker air fares due to excess European winter capacity. In an interview with Bloomberg on Tuesday, CEO Michael O'Leary said: "We are seeing some very strong demand from our customers and we expect that trend will continue.
Irish budget airline Ryanair said it expects the excess short haul capacity in Europe to continue during 2019 and, unlike its competitors, does not foresee a summer increase in fares. The comments came as the company reported a €19.6m ($22.4m) loss for Q3 2018, compared to last year's profit of €105.6m, citing weaker air fares due to excess European winter capacity. Revenues were €1.53bn, 9% up on €1.41bn for 2017.