Ryanair has indicated that summer fares are likely to drop significantly compared to last year, following a nearly 50% decrease in the airline’s profits. The budget carrier attributed the slump to more cautious spending by passengers and the impact of the Easter holiday schedule, noting that income for the period between April and June fell to €401m (£338m) compared to the previous year. Passenger fares saw an average 15% decline during this time, with Ryanair warning that further fare