Ryanair has warned its profits this year will be lower than forecast.

That airline says the recent good weather across Europe meant bookings were weaker than expected. It's also blaming austerity measures for curbing travellers' spending.

The airline said in July that it expected to make between €570 million and €600 million this year.

However, in a statement today, Ryanair said profits are likely to be closer to the €570 million level.