Ryanair warns rivals it may cut late summer fares by as much as 9%

Dublin

RYANAIR on Monday warned rivals that it may cut its late summer fares by as much as 9 per cent compared to last year and said that some short-haul carriers may struggle to survive with prices at those levels.

Europe's largest airline by passenger numbers, Ryanair has helped drive down short-haul ticket prices in Europe by increasing its capacity by 33 per cent, or about 30 million seats, in the past two years.