in the next hour the irish low—cost airline ryanair will report hour the irish low—cost airline rya nairts hour the irish low—cost airline ryanair will report its full year results. it tops off a turbulent time for european airlines and tour operators. easyjet has seen deepening losses. it lost $350m in the six months to march — that's despite a hike in passenger numbers. the company blamed uncertainty over brexit as well as weaker economies in europe.also the tour operator thomas cook racked up losses of $1.9 billion in the same period, and is warning of more tough times to come. brexit was once again a factor with people delaying booking their holidays. the travel chill has also spread to the anglo—german holiday firm tui — which saw half year losses deepen to $335 million. with one of the major causes cited as brexit. what will tell us in an hours time? sally gethin, aviation analyst at gethin's inflight newsjoins me now. i'm expecting them to take a hit this year at this time. there is overca pacity this year at this time. there is overcapacity in the market which means there are too

it doesn't help that rya nair isn't industry pressures.ng on that. they have been under a real initiative to try and turn around the perception in the market of their product. they are a very good, solidly run airline in terms of unit costs, so the cost apply a passenger. they are incredibly successful. the fact is that passengers like cheap fares and they will fly with an airline that offers that. it is just what is that doing to the overall market, is the question. aircraft are very full. an average ryanair sells question. aircraft are very full. an average rya nair sells 96% question. aircraft are very full. an average ryanair sells 96% of seats on every flight, which is an achievement that ten years ago people wouldn't have thought was possible. the growth in demand is there, demand is very strong, it's that pressure on profitability as the costs go up that passengers are only willing to pay a minimum to go away. the classic example on that is the fact that 37 euros for an air fare, you pay more for a parking space while you are away.

that was the chief financial officer of rya nair talking to us earlier.odel which it can get out of. prices and costs going up. when you see a maturing business model, that's why everyone went with ryanair, it wasn't as unique selling point but it was its major selling point, we are cheap and cheerful, a bit nasty, they are trying to get away from the nasty image and stay with cheap and cheerful but for how long can you do that when fuel prices are going up, costs are going up, there is overcapacity? they had 139 million passengers in the past 12 months and they still want to grow by another 8%. they ordered boeing in the fleet to get there. it will be difficult. they are still printing a profit but margins will not continue to go up. is it that airlines like ryanair need to be more realistic about the level of growth they can achieve?” more realistic about the level of growth they can achieve? i think the entire sector has to be more realistic about the level of growth they can achieve, we still see a flood of planes going into europe and that's arguably

he says it is notjust with the sick to ryanair, but says it is notjust with the sick to rya nair, butemains soft across europe due to overcapacity at this point in time. so our customers enjoyed an average fare of 37 euros which was down 6% on last year. at the same time however they are continuing to spend money on axillary products like reserve seating, priority boarding, car hire and hotels which helped offset that a little bit. costs increased about 5% minus fuel last year and that was up 440 billion. a lot of issues raised there. not just ryan air. no, clearly not. a lot of the problems you heard of raised there, fuel prices, they clearly has an impact on all airlines, not just ryan clearly has an impact on all airlines, notjust ryan air. but we had rick was so slightly from other european travel companies, including easy jet, european travel companies, including easyjet, tui a thomas cook. let's look at thomas cook. share price was down 1a%, just today. it is really on the back of a steep decline since the end of last week. customers interestingly have been writing to thomas coo