Ryanair has trimmed its passenger growth target for the year ending March 2026 from 215 million to 210 million due to Boeing delivery delays. Despite a reported after-tax profit of 1.79 billion euros, average fares dropped by 10% this year.
Ryanair, Europe’s largest low-cost airline, has adjusted its passenger growth target for the coming year from 215 million to 210 million due to delays in Boeing deliveries. The airline’s shares fell 3.1% to 17.47 euros after reporting an after-tax profit of 1.79 billion euros ($1.95 billion) for the six months ending in September, marking an 18% decline from last year and a 10% drop in average fares.
Group CEO Michael O'Leary noted that fares in the current third quarter are expected to be "modestly lower" than last year, with strong demand and forward bookings. CFO Neil Sorahan projected average fare reductions for the quarter to be under 5%. He attributed the decline in ticket prices to high interest rates and online travel agents stopping Ryanair flight sales due to legal pressures, although these issues are largely resolved.
Sorahan expressed hope that limited market capacity and lower interest rates would create a more favorable ticket pricing environment next year.
French police arrested four further suspects on Tuesday as part of the investigation into the audacious Louvre jewel heist last month, Paris prosecuto...
A major fire continues to rage at a warehouse in Southall, west London, sending thick plumes of black smoke into the sky hours after it first broke ou...
Georgia has formally invited Pope Leo XIV to visit Tbilisi in 2026, following Prime Minister Irakli Kobakhidze’s meeting with the Pontiff at the Vat...
The IDF confirmed on Tuesday that the remains of an Israeli hostage has been received by the International Committee of the Red Cross and is on its wa...
A new platform uniting Non-Governmental Organizations (NGO) from the Member Countries of the Organization of Turkic States (OTS) was launched in Nakhc...
The Hayli Gubbi volcano in north-eastern Ethiopia erupted on Sunday for the first time in over 12,000 years, before halting on Monday, according to the Toulouse Volcanic Ash Advisory Center.
Cameras from the United States Geological Survey (USGS) on Saturday (22 November) captured Hawaii's Kilauea volcano spewing flowing lava from its crater in its latest eruption.
Italy captured a remarkable third consecutive Davis Cup title on Sunday, with Matteo Berrettini and Flavio Cobolli securing singles victories in a 2-0 triumph over Spain in Bologna.
U.S. President Donald Trump has told his advisers that he plans to speak directly with Venezuelan President Nicolas Maduro according to Axios, as Washington designated him as the head of a terrorist organisation on Monday. A claim Maduro denies.
Chinese President Xi Jinping has once again expressed strong support for Venezuelan President Nicolás Maduro, condemning foreign interference and criticising U.S. actions in the region.
European Union ministers will urge senior U.S. trade officials to implement more elements of the July EU–U.S. trade deal on Monday, including cutting tariffs on EU steel and lifting duties on goods such as wine and spirits.
Google has announced a major update for its Pixel 10 series: owners can now send and receive files with Apple devices using AirDrop, without any collaboration from Apple. The new functionality applies to iPhones, iPads, and macOS devices, though for now it is limited to the Pixel 10 line.
European shares climbed on Thursday, as a relief rally swept through global markets after artificial intelligence (AI) bellwether Nvidia reported strong earnings, while investors awaited the release of delayed U.S. jobs data.
Mainland China and Hong Kong equities slipped on Tuesday, Reuters reported, as investors grew cautious ahead of delayed U.S. economic data expected to clarify the Federal Reserve’s policy outlook.
A federal jury in California ruled on Friday that Apple must pay $634 million to Masimo, a medical-monitoring technology company, for infringing a patent related to blood-oxygen reading technology.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment