Ryanair Holdings plc - American Depositary Shares (RYAAY)
47.12
-1.06 (-2.20%)
Ryanair Holdings Plc is a leading low-cost airline based in Ireland that operates a vast network of scheduled passenger flights
The company is known for its no-frills service model, which allows it to offer competitive fares while maintaining high operational efficiency. Ryanair primarily serves routes across Europe, connecting various destinations and catering to both leisure and business travelers. The airline has implemented a range of innovative strategies to enhance customer experience and streamline operations, making it one of the largest and most successful budget carriers in the region.
The company announced a 10x year-over-year rise in its third-quarter net profit at €149 million ($156 million) led by a 9% growth in traffic to 45 million passengers at marginally higher fares.
Ryanair's Q2 revenue grew 3% YoY, reaching €5.07B, with 9% traffic increase despite Boeing delays. EPS down to €1.285, but aiming for 198-200M passengers in FY25.
Ryanair revealed that nine aircraft deliveries anticipated in the third quarter are now postponed to the fourth quarter due to recent strikes at Boeing.
Ryanair Holdings reported lower Q1 FY25 results with revenue down 1% and net profit down 46%. They expect traffic to grow by 8% for FY25. The company now anticipates second-quarter fares to be notably lower than last summer.
