Ryanair profits hit by higher fuel costs

Net profit for the three months to the end of June was 99m euros ($122m; £77m), down 29% on the 139m euros the company made a year earlier.

Traffic growth and an increase in average air fares helped to increase revenue by 11% to 1.28bn euros.

The airline had previously warned that higher fuel costs would dent profits in the second quarter.

Source & Image : BBC