Ryanair Low Fares Made Simple

FY17 Outlook ✈ Q4 fares: down as much as -15% (no Easter) ✈ Fuel saving (c. €160m) - passed on in lower fares → Ex-fuel unit costs fall approx. 4% Downside risks: - Q4 fares (LF active/yield pass) - External shocks/ATC strikes/capac. growth RYANAIR LOW FARES. MADE SIMPLE. 18

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