Passengers wait to board a low-cost plane from Irish airline Ryanair at Berlin Brandenburg Airport in Schoenfeld near Berlin, Germany, on March 13, 2024.
John McDougall | AFP | Getty Images
Budget airline Ryanair on monday I mentioned After-tax profit stronger than expected for December quarter, but again lowers passenger traffic target for fiscal year to end-March 2026 clarification Boeing Delivery delay.
Europe's largest low-cost carrier posted an after-tax profit of 149 million euros ($155.8 million) for the fiscal third quarter to the end of December, comfortably beating expectations. A survey of analysts had forecast a €60 million three-month profit, Reuters reported.
Ryanair cited marginally higher prices due to stronger Christmas and New Year bookings, noting that traffic grew 9% to 45 million passengers despite Boeing's “prolonged” delay.
The low-cost airline said, while Boeing 737 production is recovering from a… Hit in the company In late 2024, troubled planemaker Ryanair was no longer expected to offer enough aircraft to facilitate full-year traffic growth to 210 million passengers in the 12 months to the end of March 2026. It has cut that figure to 206 million.
A previous growth target of 215 million passengers over the same period was Cut back in November.
“I would be optimistic for next year. Bookings are very strong for the summer, although it's too early to call where they might go,” Ryanair's Neil Sorahan told CNBC'sSquawk Box Europe” on monday.
“Disappointed that we will not reach the traffic numbers we had hoped for,” he added.
Cautious instructions
Sorahan, who said he recently returned from a trip to Boeing's production facilities to Seattle, said he has seen “huge improvements in terms of the supply chain and everything else” in recent months.
“I have a high level of confidence that the remaining nine aircraft we need to reach 181 Gamechangers with the current fleet will come through,” he added.
Sorahan said Boeing appeared to be “around the corner,” adding that he hoped Ryanair would not need to lower traffic targets any further.
Analysts at Citi said Ryanair's full-year guidance would likely “create volatility” in the company's share price, “but as it is an industry-wide issue, we believe it could be supportive of the pricing environment.”
Ryanair said it was “cautiously guiding” an after-tax profit for the 12 months to March 31 in the range of €1.55 billion to €1.61 billion, noting that the outcome remains subject to the risk of conflict in Ukraine and the Middle East and further delays to Boeing deliveries.
