Passengers wait to board a low-cost Irish airline Ryanair aircraft at Berlin-Brandenburg Airport in Schonfeld, near Berlin, Germany on March 13, 2024.
John MacDougall | AFP | Getty Images
budget airlines Ryanair on Monday Report Profit after tax for the December quarter was stronger than expected, but passenger traffic targets for the financial year to the end of March 2026 were cut again boeing Delivery delays.
Europe’s largest low-cost carrier beat expectations with an after-tax profit of 149 million euros ($155.8 million) in the third quarter at the end of December. An analyst poll of the company forecast a profit of 60 million euros for the three-month period, Reuters reported.
Ryanair said fares were slightly higher than usual due to “extended” Boeing delays, but not due to stronger Christmas and New Year bookings.
The low-cost carrier said that while Boeing’s 737 production is moving from one strike At the end of 2024, Ryanair no longer expects the embattled US planner to have enough aircraft available to facilitate traffic growth for the full twelve months to the end of March 2026.
The growth target of 215 million passengers for the same period is Prune in November.
Ryanair Chief Financial Officer Neil Sorahan told CNBC, “I would be optimistic.Squawk Box Europe” on Monday.
He added: “It’s disappointing that we won’t hit the traffic we were hoping for.”
prudent guidance
Solahan, who said he recently returned to Seattle from Boeing’s production facilities, said he has seen “related to supply chain and everything else” in recent months.
He added: “I’m very confident that the remaining nine aircraft we need to get to the 181 ‘Gamechangers’ will come in, along with the existing fleet.”
Sorahan said Boeing appeared to have “turned a corner”, adding that he hoped Ryanair would not have to cut its traffic targets further.
Analysts at Citi said Ryanair’s full-year capacity guidance could “create volatility” in the company’s share price, but given that this is an industry-wide issue, we think it can support the pricing environment. “
Ryanair said it “cautiously guided” to profit after tax in the 12 months to March 31 in a range of €1.55 billion to €1.61 ​​billion, noting that results remained in Ukraine and the Middle East and the Middle East and the Middle East. Risk of conflict. Further Boeing deliveries delayed.
