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Ryanair Lifts Fare and Passenger Outlook as Italian Fine Dents Quarterly Profit

Management reiterates pre‑exceptional profit guidance following a large legal provision.

Overview

  • The airline now expects full‑year average fares to rise 1–2 percentage points above prior guidance to roughly 8–9% on strong early‑year bookings.
  • Full‑year traffic guidance increases to almost 208 million passengers, helped by earlier Boeing deliveries, with the final four 737‑8‑200s due by end‑February.
  • Third‑quarter revenue reached €3.21 billion as Ryanair carried 47.5 million passengers, up 6%, with average fares about 4% higher and a 92% load factor.
  • Reported profit was reduced by an approximately €85 million provision linked to Italy’s €256 million antitrust fine, which Ryanair is appealing.
  • The company maintains a pre‑exceptional after‑tax profit range of €2.13–€2.23 billion, warns of geopolitical, macro and ATC risks, and notes a short‑term bookings bump from high‑profile publicity.