Ryanair lowers profit forecast amid tough competition

LONDON (AP) — Budget airline Ryanair, Europe’s biggest carrier by passengers, has warned its profits will be lower than expected — the second such downgrade in four months — because of weaker fares over the winter.
The company said Friday it expects full-year profit of between 1 billion euros and 1.1 billion euros, down from a range of 1.1 billion euros to 1.2 billion euros previously. It said that while traffic is up, winter fares are expected to fall 7 percent.
CEO Mich