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RYAAY is the European short-haul leader with its Gamechanger Strategy. Despite challenges, Ryanair maintained a strong balance sheet with ongoing share buybacks. Earnings changes include lower sales projections, but fuel savings and a unique cost basis support a positive outlook for the future.
Ryanair Holdings PLC (NASDAQ:RYAAY) stock is plummeting today, down 16.3% at $93.48 and on the short sell restricted (SSR) list, after profit fell 46% in the fiscal first quarter.
Ireland-based airline Ryanair Holdings (RYAAY) on Monday posted first-quarter profit that fell nearly 50% year-over-year, helping send its American depositary receipts (ADRs) sharply lower.
Is there more to Ryanair Holdings PLC (LSE:RYA)'s disappointing first quarter and weaker-than-expected outlook than fee pressure? The Budget Irish airline's average fares dropped 15% to €41.93 in the quarter, contrasting sharply with the expected 2% decline.
Ryanair (NASDAQ: RYAAY ) stock is dropping on Monday after the company provided investors with its earnings results for its fiscal first quarter of 2025. The bad news for Ryanair starts with its revenue of 3.63 billion euros.
Ryanair Holdings on Monday said it expects its air fares this summer will be “materially lower” than last year, in an announcement that caused its share price to plummet on fears the post-COVID boom in the airline industry is over.
Ryanair cut its outlook for ticket prices in the crucial summer travel period, saying fares will be 'materially lower' in its second quarter as consumers grow more cautious. Bloomberg's Daybreak Anchor, Tom Mackenzie spoke with Ryanair CFO Neil Sorahan following their results.
Ryanair Holdings PLC (LSE:RYA) caused ripples of worries across the sector after reporting a 46% fall in profits and saying that air-fares will be much lower this summer. The budget airline said average airfares were down 15% in its first quarter to the end of June and boss Michael O'Leary (pictured) said expects fares in the current key summer quarter to be "materially lower than last summer", having previously expected them to be flat or modestly up.
Ryanair shares fell on Monday after the company said its quarterly profit after tax had tumbled by 46% in the three months to the end of June. Ryanair cited weaker-than-anticipated fares and the Easter season falling into the previous quarter as reasons for the drop in profit.
Ryanair on Monday reported a 46% fall in after-tax profit for its April-June quarter from the prior year, missing analyst estimates, and warned that fares for its key summer months would be "materially lower" than last year.