Ryanair returns to profit but issues full-year warning

Ryanair reported a €123 million ($174.6 million) net profit in its fiscal first quarter ended June 30, reversed from a €90.5 million loss in the year-ago period, but it issued a warning that full-year net income will be at the lower end of its previous guidance of €200-€300 million because its full-year decline in yield will be “at or slightly more” than 20%.