RYANAIR PROFIT FALLS, GROWTH HIT BY BOEING DELAYS

Irish budget airline Ryanair announced falling net profit for the second quarter on Monday and revised down its passenger growth target following delays in deliveries of Boeing aircraft.

Chief executive Michael O'Leary warned that Ryanair's full-year results "will be subject to avoiding adverse developments", citing risks from conflicts in Ukraine and the Middle East, staffing issues from air traffic control and further Boeing delivery delays.

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