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Budget airline Ryanair posts record annual profit as passenger numbers soar above pre-Covid level - TL;DR CNBC

Budget airline Ryanair posts record annual profit as passenger numbers soar above pre-Covid level

Publishing timestamp: 2024-05-20 11:57:02


Summary

Ryanair reported a 34% jump in full-year profit, announced a 700 million-euro share buyback program, but flagged a weaker pricing environment in the current quarter. The company overcame higher operating costs with increased traffic and fares, but analysts are concerned about softer pricing and capacity constraints.


Sentiment: MIXED

Tickers: RYA-IE

Keywords: business newsryanair holdings plcearningsbreaking news: businesstransportationdividends

Source: https://www.cnbc.com/2024/05/20/ryanair-posts-record-profit-as-passengers-soar-above-pre-covid-level.html


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