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 news, ryanair holdings plc, earnings, breaking news: business, transportation, dividends,