From Morningstar:

Ryanair experienced a significant cut to its full-year profit guidance after its flights were removed from third-party travel booking sites and it suffered a weaker festive period. As a result, profits dropped by 93% and shares fell by 3% on Monday morning. Despite this, revenue in the quarter jumped 17% to €2.70 billion from €2.31 billion a year prior.

For the quarter, passenger traffic grew 7.8% to 41.4 million while the carrier’s load factor – ticked down a notch to 92%. Ryanair continued to target full-year traffic of approximately 183.5 million passengers, despite slightly lower third-quarter load factors and Boeing plane delivery delays. Additionally, the airline narrowed its profit after tax guidance for the year ending March 31 to a range of between €1.85 billion and €1.95 billion from a previously expected range of €1.85 billion to €2.05 billion.

However, Ryanair warned that the full-year result will be heavily dependent on avoiding unforeseen adverse events in the fourth quarter, such as the Ukraine war, the Israel-Hamas conflict, and further Boeing delivery delays. Despite this, Ryanair said passengers are still expected to grow and maintained its target for full-year traffic.



Read more: Ryanair Cuts Full-Year Profit Guidance