Ryanair warns of weak summer fares despite record profit
Ryanair posted a record 2.26 billion euro profit but warned of weak summer fares. It said fuel shortage risks are receding as suppliers find supply alternatives.
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RYANAIR HOLDINGS PLC reported a record 2.26 billion euro profit for the fiscal year ending March but warned of weakening summer ticket prices. The result beat analyst expectations of 2.20 billion euros and rose from 1.61 billion euros a year earlier. Investors are weighing the record earnings against a forecast shift from low-single-digit fare growth to flat or declining pricing through September.
