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 winter profit of €105.6m, citing weaker air fares due to excess European last year's capacity. Revenues were €1.53bn, 9% up on €1.41bn for 2017.
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.