Ryanair warns over annual profits

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Ryanair's annual profit is set to fall for the first time in five years.

Europe's biggest discount airline says that profits for the financial year ending in March will be between 500m euros (£423m; $674m) and 520m euros, previously it had forecast profits of 570m euros.

Ryanair has been cutting fares and is grounding aircraft over the winter to deal with the tough trading conditions.
http://www.bbc.co.uk/news/business-24800604