DUBLIN—Ryanair on Monday reported its first quarterly profit since before COVID-19, but downgraded its annual forecast to a loss of up to 200 million euros ($231 million) on plans to sell discounted tickets over the winter and higher fuel costs.
Europe’s largest budget airline, which operated more flights this summer than any European rival, posted a profit of 225 million euros for the three months to the end of September, marking its first quarterly profit since October–December 2019.
