Ryanair’s set to make a loss over the second half of the year as falling average fares eat into its margins.

The low fares airline made a €387 million profit over the first six months of the year, up 80% on the same period in 2008 – but that’s being put down to falling oil prices, and they’re expecting to make a loss in the rest of this year.

They’ve also hit some turbulence over an order for 200 aircraft from Boeing – with little progress made on the deal – and they say they’ll cut ties with Boeing at the end of the year if it’s not finalised.

Speaking to Breakfast, Ryanair’s Deputy Chief Executive Michael Cawley outlined their issues with the aircraft manufacturer.

“Boeing are not on the same page as us at the moment” he told Newstalk.

“They’ve reached considerable savings from their manufacturing process -they have a huge slump in orders so we feel it is a fortuitous time to order aircraft” he said.

“We feel we should be getting a better deal than we are getting. This is a very important cost input -it’ll be with us for 20 years as we fly these aircraft”.

“It’s a crucial decision” he added.