Mad to be buying23 Jul 2024 09:32
Ryanair's numbers yesterday should send shock waves through the sector. Their profit warning wasn't simply a near miss, it was an enormous miss.
Coupled with it was news they were reducing fares to fill the planes, due to frugal customers. Ryanair are the cheapest out there generally speaking when including cabin and hold baggage.
So what numbers will then be reported by those pricing their flights and add ons higher and being undercut by Ryanair.
That is what you really should be thinking ahead to.
Then you will also now have the impact of the Crowdstrike problems.
The full sector is probably best avoided for a while.