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BUSINESS BRIEFS.(TO THE POINT)
TRANSPORTATION
Ryanair slides, says fares to fall
The Irish low-fare airline's net profit rose 59% to $280 mil in the year ended March 31. But Ryanair announced fare cuts and said profit growth this year could fall to 10% due to the British pound's weakness vs. the euro. Ryanair aims for 20% profit growth. Ryanair fell 5% after losing 13% early.
** Southwest Air's load factor slid to 69.2% in May from 69.7% last year. Revenue passenger miles rose 3.2% to 4.19 bil.
** UPS backed forecasts of 58-62 cents a share for Q2 ...
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