Europe's largest low-cost carrier posted after-tax profit of 149 million euros ($155.8 million) for the fiscal third quarter, coming in comfortably above expectations. Ryanair said that while Boeing's 737 production is recovering from a strike at the firm in late 2024, the budget airline no longer expected the U.S. planemaker to deliver sufficient aircraft to facilitate traffic growth to 210 million passengers across the twelve months to March 2026.
Ryanair Holdings PLC has scaled back passenger growth guidance for the coming year as the airline grapples with delays in new plane deliveries from Boeing Co. Boeing was no longer expected to deliver “sufficient” aircraft to facilitate passenger growth to 210 million over the coming fiscal year, Ryanair said in results on Monday.
Ryanair reported after-tax profit for the three months to the end of December ahead of analyst forecasts on Monday, but Europe's largest low-cost carrier again trimmed its forecast for passenger numbers on Boeing delivery delays.
Updates from Dr Martens and Ryanair on Monday will kick off next week's proceedings.
GPS navigation interference in Eastern Europe is a "relatively small problem" for Ryanair at the moment, its chief commercial officer said on Tuesday, after a couple of its flights were diverted because of GPS problems.
A Ryanair plane about to land at Vilnius airport was diverted to Warsaw in Poland on Thursday because of GPS interference, Lithuania's air navigation authority said on Friday.
Barclays raised the firm's price target on Ryanair to EUR 22 from EUR 21 and keeps an Overweight rating on the shares.
Ryanair Holdings PLC (LSE:RYA) has again called for a limit to be imposed on drinking at airport bars to stop what it says are growing incidences of unruly behaviour by drunk passengers. Michael O'Leary, chief executive, last year said that a two-drink limit would create "a safer travel experience for passengers and crews".
Ryanair plans to operate a full schedule of flights from Tel Aviv this summer and is hopeful that Ben Gurion Airport will reopen its shuttered Terminal 1, senior executive Eddie Wilson said in an interview on Thursday.
Ryanair Holdings PLC (LSE:RYA) has ramped its actions against rowdy passengers by suing one traveller whose behaviour caused a flight to be diverted. In what the airline described as a major clampdown on misconduct, the carrier said it has started proceedings against the passenger to recover €15,000 for the extra costs of a flight from Dublin to Lanzarote.
RYAAY's December 2024 load factor improves to 92% from 91% in the year-ago period.
For those unfamiliar with Glenn Greenberg, the billionaire co-founded Chieftain Capital in 1984 with John Shapiro.