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3 ημέρες πριν · Ryanair Holdings plc today (22 July) reported first quarter profits of €360m, compared to €663m PAT in the first quarter last year, as strong traffic growth (+10%) to 55.5m customers was offset by the fact that half of Easter fell in the fourth quarter of the year and lower than expected airfares in the quarter.
4 ημέρες πριν · Q1 scheduled revenue fell 6% to €2.33bn. While traffic grew 10% to 55.5m, our customers enjoyed substantial savings thanks to 15% lower fares due, in part, to the absence of the first half of Easter which fell into March, and more price stimulation than we had previously expected.
Inside Ryanair’s profit drop: Lower fares, shareholder pain and the end of revenge travel. Michael O’Leary’s airline reported a significant drop in profits on Monday as lower fares impacted its performance.
4 ημέρες πριν · Ryanair reported lower profits during its first quarterly earnings report of FY2025, with the quarter ending on June 30, 2024. The low-cost carrier admitted that it had to stimulate more fares than it had expected during the period, resulting in lower average fares.
4 ημέρες πριν · Despite a 10% increase in passenger traffic to 55.5 million, average fares fell by 15%, contributing to the decline in profits. Key Q1 Highlights: Passenger Traffic: Increased by 10% to 55.5 million. Load Factor: Slight decrease from 95% to 94%. Average Fare: Dropped from €49.07 to €41.93.
4 ημέρες πριν · Q2 fares to be “materially lower” as “pricing remains softer than we expected.” “Consumers are just a little bit more frugal,” Ryanair’s Chief Financial Officer Neil Sorahan said on ...
4 ημέρες πριν · A 20% year-on-year rise in passenger carryings to 55.5 million was offset by Easter falling into the previous quarter and “weaker than expected” air fares. Average fares were down 15% to €41.93 from €49.07 a year earlier and will remain “materially lower” during the peak summer months.
