Ryanair plots around Brexit

|About: Ryanair Holdings PLC (RYAAY)|By:, SA News Editor

Ryanair Holdings (NASDAQ:RYAAY) CEO Michael O'Leary says Brexit will hit the carrier's bottom line for at least four years as the unwinding process rolls out.

O'Leary backed the company's guidance for profit of €1.38B ($1.55B) for the current fiscal year.

Ryanair is planning to send new aircraft to serve routes outside of the U.K. due to its assessment of the economy in the region.

Shares of Ryanair are down about 12% since the Brexit vote.

Subscribe for full text news in your inbox