Ryanair has a quarterly loss of €19.6m (£17.2m) after competition slashed down air fares across Europe – and the company has reiterated a warning that Brexit developments could further damage on profits.

The budget airline fell into the red for the last quarter to the end of December, their profit in the same period a year ago was  €105.6m (£92.4m) , and said the risk of a no-deal departure from the EU remained “worryingly high”.

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