H1 FY18 Results

Current Developments ✈ Lower fares & AGB drives growth (129m) → Customer initiatives succeeding (97% LF) ✈ Alitalia (24m), AB1 (29m) & Mon (5m) bust ✈ Norwegian (29m pax) in financial trouble ✈ Pilot rostering failure in Sep ✈ Acted to recover in Sep - slow W18 growth → Unchanged FY guidance €1.40bn to €1.45bn ✈ Brexit Apr 2019 disruptions more likely? RYANAIR LOW FARES. MADE SIMPLE. FAST TRACK 9

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