>> Fares falling more than expected, but profit still on track, a mixed picture from low cost giant, Ryan Air. Average ticket prices fell by 17% in the 3 months to the end of the December amid a glut of capacity in Europe's short haul market. And carriers have struggled in recent months with Britain's vote to leave the EU.
>> I think the short-term risk around Brexit is the continued volatility. In sterling, which has been extremely volatile since the vote last June, I think that remains for some period of time, and managing that in our business will be important.>> Brexit negotiations and their longer term implications also causing concern.
Airlines hoping Britain will still back certain air transport agreements.>> It'll be extremely disappointing for the UK traveling public if the UK were to not remain with an open skies. If that were to happen, then there's a number of different scenarios that we would have to look at.
Three of our 1,800 routes, for example, are domestic UK routes where we fly from the likes of Edinburgh, Glasgow, and Belfast into London, we would have to look at whether we would continue to operate those.>> Ryan Air expects to post a full year profit of around 1.35 billion Euros, an increase of around 7% on last year.
Passenger numbers in the Irish airline rose by 16% in the last three months of 2016, outperforming the wider European airline market.