Ryanair Holdings plc American Depositary Receipt (RYAAY)
Ryanair expects slump in air fares over key summer months
Ryanair Holdings on Monday said it expects its air fares this summer will be “materially lower” than last year, in an announcement that caused its share price to plummet on fears the post-COVID boom in the airline industry is over.
Ryanair profits plunge as airfares drop 15%
Ryanair Holdings PLC (LSE:RYA) caused ripples of worries across the sector after reporting a 46% fall in profits and saying that air-fares will be much lower this summer. The budget airline said average airfares were down 15% in its first quarter to the end of June and boss Michael O'Leary (pictured) said expects fares in the current key summer quarter to be "materially lower than last summer", having previously expected them to be flat or modestly up.
Ryanair shares tumble 11% as budget airline reports 46% fall in quarterly profit, sees lower fares
Ryanair shares fell on Monday after the company said its quarterly profit after tax had tumbled by 46% in the three months to the end of June. Ryanair cited weaker-than-anticipated fares and the Easter season falling into the previous quarter as reasons for the drop in profit.
Ryanair quarterly profit misses estimates, warns of weaker summer fares
Ryanair on Monday reported a 46% fall in after-tax profit for its April-June quarter from the prior year, missing analyst estimates, and warned that fares for its key summer months would be "materially lower" than last year.
Holiday rebound tipped for easyJet and Ryanair
Analysts at UBS have a bullish view on upcoming earnings reports from big-cap budget carriers easyJet plc and Ryanair Holdings PLC (LSE:RYA). UBS reckons easyJet's third-quarter revenues will outperform City forecasts, with the bank predicting £2.87 billion, up from £2.36 billion in the previous year's third quarter and exceeding the consensus estimate of £2.66 billion.
Ryanair (RYAAY) Posts Impressive June 2024 Traffic Numbers
Ryanair's (RYAAY) load factor for June 2024 remained flat at 95%.
Ryanair records record number of passengers in June
Europe's largest budget airline Ryanair Holdings PLC (LSE:RYA) carried 19.3 million passengers in June, marking a new monthly record. It was up 11% from the 17.7 million passengers in June 2023, with the fleet's load factor unchanged at 95%.
Ryanair traffic rises 11% to record high in June
Ryanair flew a record 19.3 million passengers in June, up 11% from a year earlier, the low-cost airline said on Tuesday.
Ryanair: Summer Is Coming With Softer Price
Lowered estimates for the year due to a softer pricing environment and higher CAPEX investments. Ryanair still has a unique cost basis compared to peers. Change to forecasts result in EPS downgrades. That said, Ryanair is still a buy on a 12-month estimate.
Here's Why You Should Retain Ryanair (RYAAY) Stock Now
Ryanair's (RYAAY) top line benefits from robust passenger volumes. RYAAY's fleet upgrade efforts are also commendable.
Ryanair (RYAAY) Posts Impressive May 2024 Traffic Numbers
Ryanair's (RYAAY) load factor for May 2024 improved to 95% from 94% in the year-ago period, driven by a buoyant traffic scenario.
Ryanair hails victory against OTA ‘pirate' eDreams
Ryanair Holdings PLC (LSE:RYA) has welcomed the Italian competition regulator's decision to reject online travel agency (OTA) eDreams' request for an injunction against Ryanair's direct distribution policy. The AGCM found no danger of serious and irreparable damage to competition in a ruling published on Thursday.
