Ryanair upgrades airline profit guidance

Ryanair said it expects a stronger than expected airline profit. 

Strong Q3 demand over the holiday season led to stronger peak Christmas and New Year traffic with higher fares.

However Ryanair expects Q4 to be loss making without a peak Easter period, and a recent softening in demand.

Its passenger traffic guidance remains unchanged at 168m.

It raised its FY23 airline profit guidance from €1.00bn – €1.20bn to €1.325bn – €1.425bn.