Ryanair expects drag on growth

Low-cost airline Ryanair expects passenger growth to slow in 2013 as it cuts back on short-distance flights in some markets due to higher airport fees, chief executive Michael O’Leary said yesterday. “I think the growth will be slower this year,” he told Reuters, predicting passenger numbers would increase three to four per cent to up to £82.5m in the year to March 2014. That compares with expected growth of 4.2 per cent in the current financial year.