DUBLIN, Ireland, 2023-Jan-06 — /Travel PR News/ — 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.
Media Contact:
press@ryanair.com
Source: Ryanair
###
A350-900 with 268 passengers on the way from Munich to Vancouver Further destinations in late…
(IN SHORT) His Excellency Eng. Saeed Al Mawali, Minister of Transport, Communications and Information and…
(IN SHORT) China Southern Airlines is set to enhance its direct service between Christchurch Airport…
Hospitality group eyes 50 properties in 10 years as it opens Bengaluru office and counts…
Linked service between Singapore and Phnom Penh expands Singapore operations to four daily flights (IN…
(IN SHORT) Emirates introduces a new collection of exclusive Bulgari amenity kits for First and…
This website uses cookies.