Tag: $Ryanair Holdings

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.