Ryanair: Record profits and optimistic outlook
Ryanair has reported a 34% increase in profits for the financial year, reaching a record €1.92 billion, which exceeds the €1.905 billion forecast by analysts. This growth partly stems from the company’s revised post-tax profit expectation set in January, ranging from €1.85 to €1.95 billion. The airline remains cautiously optimistic about the moderate increase in summer fares compared to last year.
Neil Sorahan, Ryanair’s CFO, noted that aircraft deliveries from Boeing’s new Seattle factory are now occurring “a bit more consistently,” expecting an additional two to three aircraft by the end of July. CEO Michael O’Leary indicated that the anticipated rise in summer ticket prices would likely be less than the previously expected 5-10%, heavily dependent on last-minute bookings.
Furthermore, the airline announced the initiation of a €700 million share buyback program. In the financial year ending March 31, Ryanair transported a record 184 million passengers and has set a target to increase this to 198-200 million passengers in the current financial year, a slight decrease from the previously anticipated 205 million due to delays in aircraft deliveries.
Related news
The hand luggage war has reached Brussels – the foundations of the low-cost model are in danger
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Ryanair: from November you can only travel with a digital boarding pass
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >National strike could paralyze Ryanair flights to Spain
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
GfK’s November German consumer sentiment index worsened
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Rabbit Product Council: the first European Rabbit Meat Days event series ended successfully
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Europe’s logistics market suffers from a huge supply shortage
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >
