Ryanair sees slower profit growth as airfares fall

London

RYANAIR Holdings Plc forecast that earnings growth will slow this year as a spate of terror attacks and lower fuel prices prompt airlines to cut ticket prices.

Europe's largest discount carrier expects net profit to rise about 13 per cent in the year through March after a 43 per cent surge in the previous fiscal year, the Dublin-based company said on Monday in a statement. Ticket prices are due to fall 7 per cent in fiscal 2017, with the pace of the declines accelerating in the winter travel season, Ryanair said.