October 1, 2018 / 6:46 AM / 2 months ago

Ryanair lowers full-year profit forecast as strikes take toll

Oct 1 (Reuters) - Low-cost carrier Ryanair lowered its full-year adjusted profit forecast on Monday, citing lower traffic and forward bookings due to a series of strikes by its crews.

The company said it now expects profit for the year, excluding start up losses in Laudamotion, to range between 1.10-1.20 billion euros ($2.66 billion), compared with its prior forecast of 1.25-1.35 billion euros. ($1 = 0.8631 euros) (Reporting by Shashwat Awasthi in Bengaluru; Editing by Bernard Orr)

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