Ryanair says yields will hit a flat patch

BUDGET airline Ryanair said it expects yields, or average fares per passenger, to be flat in the third quarter of its financial year and to fall about ten per cent in the fourth quarter.

"We see the early signs there is going to be considerable competition. As we move through the winter period, airlines are going to have to cut fares," chief financial officer Howard Millar told a transport conference in London.