Tag: $Ryanair Holdings

Ryanair (RYA.I), is seeing strong demand across Europe with bookings ahead of last year, and is “reasonably optimistic” about hitting its summer targets, Chief Executive Michael O’Leary said in an interview on Thursday.

 Ryanair’s (RYA.I), net profit more than doubled in its April-June quarter on higher-than-expected last-minute fares and the timing of the Easter holidays, while bookings for rest of the summer are “robust”, Europe’s largest low-cost carrier said on Monday.

Ryanair said demand for travel this summer was showing no signs of cooling, with strong bookings and rising ticket prices, even as a severe heatwave recently engulfed Europe, Chief Executive Michael O’Leary said on Tuesday.

Ryanair (RYA.I) on Monday reported strong demand across Europe and projected that fares would rebound to recover much of the decline that dented profit last year as consumers struggled with high interest rates.

Ryanair has been forced to cut its forecast for passenger numbers for a second time, as delivery delays from Boeing continue to dent its growth ambitions.

Spain’s Ministry of Consumer Rights on Friday slapped a $179 million euro ($186 million) fine on five low-budget airlines for “abusive practices” including charging additional cabin luggage fees.

Sharp falls in Ryanair ticket prices seen earlier this summer have eased significantly and Chief Executive Michael O’Leary is optimistic fares will return to growth next summer due to capacity constraints, he said on Monday.

Ryanair upgraded its summer air fare outlook on Tuesday, with CEO Michael O’Leary telling Reuters he no longer saw a risk of double-digit percentage falls as European short-haul weakness had “levelled out”.

Ryanair’s profits slumped by almost half in the three months to the end of June after ticket prices plunged 15% from the same period last year as consumers balked at paying inflated prices for last-minute flights.

Low-cost carrier Ryanair on Monday reported its best-ever annual profit, as passenger and revenue growth offset sharply higher operating costs, but flagged a weaker pricing environment in the current quarter.

DUBLIN, Sept 28 (Reuters) – Ryanair ) announced cuts to its winter schedule on Thursday due to delays in the delivery of Boeing (BA.N) aircraft, but Europe’s largest airline by passenger numbers said its full-year traffic forecast was unaffected “as yet”.

Ryanair on Monday struck a cautious tone about travel demand for the rest of the year and cut its passenger growth forecast due to Boeing delivery delays after its quarterly profit flew past pre-pandemic levels.

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NET PROFIT FORECAST: The Irish low cost carrier is expected to report a net profit rise for the quarter ended June 30, with net profit consensus of 506.2 million euros ($563.4 million), according to FactSet and based on three analysts’ estimates. The company reported a net profit of EUR187.5 million in the same period last year.

Ryanair flew a record 17 million passengers in May, its highest for a single month and a 10% increase from a year earlier, the Irish airline said on Friday.

NET PROFIT: The Irish low cost carrier reported a swing to net profit of 1.31 billion euros ($1.42 billion) for the year ended March 31 from a net loss of EUR240.8 million for fiscal 2022.