Ryanair cuts airline profit guidance - TravelMole


Ryanair cuts airline profit guidance

Monday, 29 Jan, 2024 0

Budget carrier Ryanair has adjusted down its full year profit projection.

Surging fuel costs are up more than one third and revenues are being hit after online travel agent websites removed its fares.

The third quarter profit was just €15 million compared to more than €200 million a year ago.

This came despite a boost in passenger numbers to 41 million.

It narrowed its full-year airline profit guidance and has started cutting airfares.

“While traffic and fares were ahead of prior year, close-in Christmas and New Year yields were softer. Ryanair lowered prices in response to the removal of flights from OTA websites,” the airline said.

Load factors fell slightly to 92% in the third quarter.

  

Related News Stories:  Ryanair to close Oslo base     Ryanair publishes full list of flight cancellations     Michael O’Leary……Ryanair’s rebel with a cause and a mate of …     Consumer champion calls for overhaul of flight complaints system …     Avis and Hotels.com announce new global loyalty partnership …     The 50 best and worst travel companies for cancellation refunds …     ‘Indefinite’ Birmingham Airport strike announced     Nium     West Hollywood: Where celebrities hang out     TTC    



 

profileimage

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.



Most Read

Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns

James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel

Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination

Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics

Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy

Bubba O’Keefe on Clarksdale’s Vibrant Music Scene

Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee

Craig Ray and the Expansion of the Blues Trail

Presenting Mississippi’s Cultural Trails with Katie Coats

Robert Terrell: A Journey Through BB King’s Influence

Rochelle Hicks: Celebrating Mississippi’s Musical Legacy

Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
TRAINING & COMPETITION

Our emails to you has bounced travelmole.com Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for TravelMole.com so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari