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Investment bank believes airline will maintain current earnings guidance
Thursday 28 Sep 2017 Author: Lisa-Marie Janes

Budget airline Ryanair (RYA) is expected to pay out €20m after cancelling flights last minute so pilots could take their annual leave.

Investment bank Berenberg is confident this compensation payment and an additional €5m charge that may emerge from the cancelled flights won’t affect full year earnings guidance.

However, there is no doubt Ryanair has suffered severe reputation damage which could impact earnings longer term.

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