The budget carrier has cut its profit guidance, excluding its Laudamotion subsidiary, from €1.25-€1.35 billion to €1.10-€1.20 billion amid fears of plummeting consumer confidence.
According to the airline, two days of “coordinated” pilot and cabin crew strikes in Germany, the Netherlands, Belgium, Spain and Portugal had reduced traffic and forced fares down.
It said fear of further strikes was affecting consumer confidence, noting lower Q3 forward bookings - particularly during school breaks in October and over Christmas.
The airline further cited higher EU261 care, accommodation and compensation costs arising from the strikes and higher global fuel prices.
Ryanair has also trimmed its winter capacity by 1% in light of the current “lower fare, higher oil and higher EU261 cost environment”.
Effective from November 5, Ryanair will withdraw eight aircraft based in mainland Europe – four at Eindhoven in the Netherlands, and two at Bremen and two at Niederrhein in Germany.
According to Ryanair, “Most” Eindhoven routes will continue using overseas-based aircraft while Bremen routes will be largely served by non-German aircraft.
Most routes at Niederrhein, where Ryanair will continue to base three aircraft, will be operated using these aircraft.
