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Reuters
Ryanair posts first quarterly profit since 2019 but sees annual loss
Ryanair on Monday reported its first quarterly profit since before COVID-19, but downgraded its annual forecast to a loss of up to 200 million euros ($231 million) on plans to sell discounted tickets over the winter and higher fuel costs. Europe’s largest budget airline, which operated more flights this summer than any European rival, posted a profit of 225 million euros for the three months to the end of September, marking its first quarterly profit since October-December 2019. “There is no doubt that the remainder of the fiscal year will be challenging, the winter will be tough,” Group Chief Executive Michael O’Leary said in a video presentation.