4 September 2013 Last updated at 03:42 ET
Ryanair says greater competition is hurting its profits
Ryanair has warned that profits this year may miss its forecast.
Europe's biggest low cost carrier says that profits may miss or be at the lower end of its range of 570m to 600m euros (£480m to £508m).
Ryanair said there had been a dip in ticket prices and booking levels for September, October and November.
It blamed greater competition from carriers in the UK, Scandinavia, Spain and Irish Republic, and is responding with "aggressive" seat sales.
"This is a surprise statement from Ryanair and comes contrary to some of the commentary from the peer group and indeed Ryanair's own commentary at its June investor days," said Donal O'Neill, analyst with Goodbody stockbrokers.
Source: BBC News - Business http://www.bbc.co.uk/news/business-23956190#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
