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Ryanair CEO 'wouldn't rule out' downgrade to fare forecast

Reuters
Ryanair CEO Michael O'Leary holds a news conference in Machelen near Brussels, Belgium October 9, 2018. REUTERS/Francois Lenoir (Reuters)

DUBLIN (Reuters) - Ryanair Chief Executive Michael O'Leary on Monday said he would not rule out a downgrade to the low-cost carrier's forecast for average fares in the six months to March from the current estimate of a 2 percent fall.

"I wouldn't rule out that our yield guidance could move for the winter from -2 (percent) to -3. I don't think it will go to -4," O'Leary told an analyst call after announcing results for the six months to Sept. 30.

"I think there will be more bad news before there is good news this winter."

(Reporting by Conor Humphries; Editing by Emelia Sithole-Matarise)