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RYANAIR EXPECTS TO REPORT STRONGER Q3. RAISES FY PROFIT GUIDANCE FROM €1.00BN – €1.20BN TO A NEW RANGE OF €1.325BN – €1.425BN.
Ryanair Holdings plc today (4 Jan.) said it expects to report a stronger than expected Q3 (end 31 Dec.) PAT of close to €200m. Strong pent-up travel demand over the holiday season for the first time in 3 years, with no adverse impact from Covid or the war in Ukraine, stimulated stronger than expected peak Christmas/New Year traffic and fares.
FY23 traffic guidance of 168m remains unchanged. Ryanair expects Q4 to be loss making due to the absence of Easter from March, and a recent softening in UK outbound and Irish – Prov. UK traffic and pricing.
As a result of these recent developments, Ryanair has raised its FY23 PAT guidance (pre-exceptionals) from a current range of €1.00bn – €1.20bn to a new range of €1.325bn – €1.425bn. This guidance remains heavily dependent upon avoiding adverse events in Q4 (such as Covid or the war in Ukraine).
As this is a closed period, the Ryanair Group’s next market update will take place on Mon. 30 Jan. when the Group releases its Q3 results.
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RYANAIR LAUNCHES PRAGUE – PAPHOS & KOSICE ROUTES
Ryanair, Europe’s No.1 airline, today (1st August) celebrated the first flight from Prague to Paphos, while on Monday (3rd August) it will launch a twice weekly service to Kosice, both as part of its extended Summer 2020 schedule.
To celebrate its new routes, Ryanair has launched a seat sale with fares from 729 Kc for travel to Kosice and from 759 Kc to Paphos, both until the end of October, which must be booked by Wednesday (5th August), only on the Ryanair.com website.
RYANAIR LAUNCHES PRAGUE – PAPHOS & KOSICE ROUTES
Ryanair, Europe’s No.1 airline, today (1st August) celebrated the first flight from Prague to Paphos, while on Monday (3rd August) it will launch a twice weekly service to Kosice, both as part of its extended Summer 2020 schedule.
To celebrate its new routes, Ryanair has launched a seat sale with fares from 729 Kc for travel to Kosice and from 759 Kc to Paphos, both until the end of October, which must be booked by Wednesday (5th August), only on the Ryanair.com website.