Ryanair says airlines will struggle to raise fares
Ryanair has warned that airlines operating out of the UK will struggle to raise fares for the key summer holiday season and into 2019, as uncertainty over how Brexit will affect Britons’ travel rights makes them cautious about booking holidays abroad. “We do not share the optimism of competitors and market commentators for summer 2018 fare rises,” Ryanair said alongside a quarterly results update. “The lack of clarity on Brexit continues to overhang fares and pricing on routes to [and] from the UK. We would, even at this early date, urge extreme caution on investor and analyst assumptions for fares in FY19 [full year 2019].” This followed a buoyant update from rival EasyJet last month, which talked of reduced competitive pressure on prices following a slew of airline bankruptcies across Europe. <br/>
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Ryanair says airlines will struggle to raise fares
Ryanair has warned that airlines operating out of the UK will struggle to raise fares for the key summer holiday season and into 2019, as uncertainty over how Brexit will affect Britons’ travel rights makes them cautious about booking holidays abroad. “We do not share the optimism of competitors and market commentators for summer 2018 fare rises,” Ryanair said alongside a quarterly results update. “The lack of clarity on Brexit continues to overhang fares and pricing on routes to [and] from the UK. We would, even at this early date, urge extreme caution on investor and analyst assumptions for fares in FY19 [full year 2019].” This followed a buoyant update from rival EasyJet last month, which talked of reduced competitive pressure on prices following a slew of airline bankruptcies across Europe. <br/>
