profits warnings: Ryanair profits slide due to lower fares and Brexit uncertainty Read more Wind back the clock 12 months to get a sense of how much altitude Ryanair has lost, according to The Independent. A year ago, O'Leary predicted 1.25bn to 1.35bn for the financial period that ended this March, calling his estimate on the pessimistic side of cautious . It turned out he was being heroically optimistic, which is why Ryanair's share price has since fallen by a third. The past year still included two profits warnings, let's not forget. Competitors' share prices have fallen similarly and a few smaller rivals have gone to the wall, it should be said. It is also true, as O'Leary never fails to mention, that Ryanair's balance sheet is one of the strongest in the business. Lower average fares Ryanair's were down by 6% to 37 are affecting everyone.
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