RE: Could be a down day today27 Jan 2025 07:42
Ryanair reported a Q3 profit after tax of €149 million, up from €15 million in the previous year, driven by a 9% increase in passenger traffic to 45 million and slightly higher fares during the Christmas/New Year period. However, the company's nine-month cumulative profits fell 12% to €1.94 billion compared to the previous year, primarily due to 8% lower air fares. Looking ahead, Ryanair has revised its FY26 traffic target down to 206 million passengers due to Boeing delivery delays, but remains optimistic about long-term growth to 300 million passengers over the next decade, supported by its strong balance sheet and cost advantages despite industry-wide capacity constraints.