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Irish low-cost airline Ryanair on Monday reported a first quarter profit of €360 million ($391 million), a 46% fall from last year. Operating costs grew 11% from the prior year to €3.26 billion. Revenue edged down 1% to €3.63 billion from last year’s €3.65 billion. Traffic grew 10% to 55.5 million customers from prior year’s 50.4 million customers, despite multiple Boeing delivery delays. Meanwhile, average fares were down 15% to €41.93. Load Factor dropped 1 percentage point to 94% from 95% a year ago. Looking ahead, the company expects fiscal 2025 traffic to grow 8% from the previous year to…

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