Ryanair's Fiscal Q2 Profit Declines, Revenue Rises; Cuts Fiscal 2026 Traffic Growth Target

MT Newswires Live
04 Nov 2024

Ryanair Holdings (RYAAY) reported fiscal Q2 net profit Monday of about 1.28 euros ($1.40) per diluted share, down from about 1.32 euros a year earlier.

Analysts surveyed by Capital IQ expected 1.05 euros.

Revenue for the quarter ended Sept. 30 was 5.07 billion euros, up from 4.93 billion euros a year earlier.

Analysts polled by Capital IQ expected 5.07 billion euros.

The company said it now expects traffic growth to be about 210 million passengers for fiscal 2026, down from the previous guidance of 215 million passengers, due to delivery delays of its Boeing (BA) jets.

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