Passengers wait to board an aircraft of low cost Irish Airline Ryanair at the Berlin-BRANDENBURG Airport in Schoenfild Near Berlin, Germany, On Mark 13, 2024.
John Macdougall | AFP | Getty Images
Budget Airline Ryanair on monday Reported Strongeer-That-Extered After-tax Profit for the December Quarter, But Once More Cut Its Passenger Traffic Goal for the Fiscal Year to the End of March 2026 AMID Boeing Delivery delays.
Europe’s Larget low-cost carrier posted after-tax profit of 149 Million Euros ($ 155.8 Million) for the fiscal third quality to the end of December, Comfortably Above Expectations. A company poll of analysts had anticipated 60 million euros profit for the three-month period, reuters reported.
Ryanair cited marginally Higher Fares due to Stronger Christmas and New Year Bookings, Noting Traffic Grew 9% to 45 Million Passengers Despite “Prolonged” Boeing delays.
The low-cost airline said that, while boeing’s 737 production is recovering from a strike at the firm In Late 2024, Ryanair No Longer Expected The Troubled Us Planemaker to Deliver Supricient Aircraft to Facilitate full-Year Traffic Growth to 210 Million Passengers Crust MONTHS It Downgraded This Figure to 206 Million.
An earlier growth target of 215 million passengers over the same period was trimmed in November,
“I’d be optimistic into next year. Bookings are very strong into the summer, Although it is just too early to call where they may go,” Ryanaier Cfo Neil Sorahan Told CNBC CNBC CNBC CNBC “Squawk Box Europe“on Monday.
“Disappointed that we’re not going to hit the traffic numbers that we would have hoped,” He added.
Cautious guidance
Sorahan, Who said he recently returned from a trip to boeing’s production factories into seattle, said he’d seen “huge improvements in relation to supply chain and Everything Else” in Relations Else.
“I have a high level of confidence that the remaining nine aircraft that we need to 181 ‘gamechanges’ along the existing fleet will come in,” He added.
Sorahan said that boeing appeared to have “turned the corner,” Adding that he was hopeful ryanair would not need to cut its traffic targets even further.
Analysts at Citi Said Ryanair’s full-Year Capacity Guidance is Likely to “Create Volatily” in the Firm’s Share Price, “But Given it is an industry-ise, icing environment. “
Ryanair said it was “cauily guiding” after-tax profit Middle East and to Further Boeing Delivery delays.
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