Ryanair Holdings plc expects strong than Q3

Ryanair Holdings plc expects strong than Q3
Ryanair Holdings plc expects strong than Q3

Ryanair Holdings plc expects strong than Q3

Ryanair Holdings plc expects strong than Q3

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.

The post Ryanair Holdings plc expects strong than Q3 appeared first on Travel And Tour World.

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Ryanair Holdings plc expects strong than Q3

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