Passengers are waiting to get on an Irish airline plane at low cost Ryanair at Berlin-Brandenburg airport in Schoenefeld near Berlin, Germany, March 13, 2024.
John MacDougall | AFP | Getty images
Airline Ryanair budget on Monday reported Profit after tax stronger than expected for the December quarter, but further reduced its objective of passenger trafficking for the financial year until the end of March 2026 in the middle of the delays in Boeing delivery.
The largest low -cost carrier in Europe recorded a profit after tax of 149 million euros ($ 155.8 million) for the third tax quarter at the end of December, which comfortably exceeds expectations. A business survey of analysts had planned 60 million euros in profits for the three -month period, Reuters reported.
Ryanair cited slightly higher prices due to higher Christmas and New Year reservations, noting that traffic increased by 9% to 45 million passengers despite the “prolonged” Boeing delays.
The low -cost airline said that, while the production of Boeing 737 recovered from a company strike at the end of 2024, Ryanair no longer expected months at the end of March 2026. It downgraded this figure at 206 million.
A prior growth target of 215 million passengers during the same period November.
“I would be optimistic next year. Reservations are very strong in summer, although it is too early to call where they can go,” Ryanair’s financial director Neil Sorahan told CNBC on Monday.
“Disappointed that we are not going to reach the traffic numbers we would have hoped for,” he added.
Cautious advice
Sorahan, who said he had recently returned from a trip to Boeing production facilities in Seattle, said that he had seen “huge improvements in relation to the supply chain and everything else” last months.
“I have a high level of confidence that the nine remaining planes which we have to reach 181” Gamechangers “as well as the existing fleet will come,” he added.
Sorahan said Boeing seemed to have “turned the corner”, adding that he hoped that Ryanair would not need to further reduce his traffic goals.
Citi analysts have said that Ryanair’s year’s capacity in year capacity are likely to “create volatility” in the course of business action “, but since this is a problem At the industry level, we believe that it can be favorable to the pricing environment. “
Ryanair said that he “guided prudence” a profit after tax during the 12 months until March 31 was at a range of 1.55 billion euros to 1.61 billion euros, noting that the result remains submitted At the risk of conflict in Ukraine and the Middle East and other delays in Boeing.
