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.
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Ryanair cut its passenger target for March 2026 from 215M to 210M due to Boeing delays. Profits fell 18% to 1.79B euros as fares dropped, though CEO Michael O'Leary says declines are easing. Ongoing Boeing strikes may further impact deliveries.
Boeing boosts wage offer to 33,000 striking workers with a 38% raise over four years and a $12,000 bonus, aiming to end a seven-week strike that has stalled key aircraft production.
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Hamas has begun releasing six more hostages from Gaza on Saturday in exchange for hundreds of Palestinian prisoners, as Israel confirmed that a body handed over earlier was that of hostage Shiri Bibas.
Start your day informed with AnewZ Morning Brief: here are the top news stories for February 22nd, covering the latest developments you need to know.
A tragic crowd crush at New Delhi Railway Station on Saturday night left 18 dead and 10 injured as thousands of people, many heading to the Kumbh Mela festival, attempted to board delayed trains. The incident highlights the ongoing risks of overcrowding at public transportation hubs in India.
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The Asian Development Bank (ADB) has approved a plan to scale up its operations by 50% over the next decade, leveraging its existing capital base to enhance bank’s impact across Asia and the Pacific.
As US-Russia peace talks advance, Ukrainian President Volodymyr Zelenskyy intensifies diplomatic efforts, holding discussions with multiple world leaders to rally support for Ukraine’s sovereignty and regional security.
Hamas has begun releasing six more hostages from Gaza on Saturday in exchange for hundreds of Palestinian prisoners, as Israel confirmed that a body handed over earlier was that of hostage Shiri Bibas.
Start your day informed with AnewZ Morning Brief: here are the top news stories for February 22nd, covering the latest developments you need to know.
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