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Ryanair promises fares reduction in the short-term

By Neil Lancefield

Published 08/11/2016

Ryanair boss Michael O'Leary
Ryanair boss Michael O'Leary

Ryanair boss Michael O'Leary has said the airline's fares are expected to fall by up to 15% this winter amid continuing uncertainty over Brexit negotiations.

But he warned that once the UK leaves the EU there will be a reduction in the number of UK flights, leading to price rises.

The airline said profits jumped 7% in the first half of the year as it increased the number of passengers it expects to carry by 2024.

Mr O'Leary said: "For passengers what is inevitable is in the next 12 to 18 months you benefit by having lower fares. But over the medium-term if there is a hard Brexit there will be less capacity here in the UK and less capacity means higher prices, once the hell we know what Brexit looks like."

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