Ryanair says summer bookings have been hit by the recent heat wave in Northern Europe.
The low cost airline reported profits have fallen by 21% to 78 million euros in the three months to June 30.
Average fares fell 4% due to the timing of Easter and the impact of the June French ATC strikes but revenue per passenger rose 1% due to strong ancillary growth.
However it said close-in summer bookings have been slightly weaker in recent weeks due to the ‘heat wave in Northern Europe’.
The airline reported full year guidance remains unchanged.
It said: "While we expect full year traffic to grow 3% to 81.5m, we still have no visibility over next winter’s yields, and on the basis that the recent yield weakness in close-in summer bookings does not continue, we see no reason to change our full year profit after tax guidance which remains at between €570m to €600m."
Ryanair’s CEO, Michael O’Leary, said: "As previously guided higher fuel costs and the timing of Easter led to Q1 profits falling €21m to €78m. Ancillary revenues grew by 25% to €357m (27% of total revenues) driven by the successful development of reserved seating, priority boarding, and higher admincredit card fees. "
