Ryanair Reports Strong Third-Quarter Profit, Trims Outlook
Key Points:
* Ryanair exceeds analyst estimates with after-tax profit of €149 million ($156 million) for Q3 FY23.
* Profit surge attributed to a 1% increase in average fares.
* Cautious guidance for full-year profit, expected in the range of €1.55 billion to €1.61 billion ($1.62 billion-$1.68 billion).
* Delivery delays for Boeing 737 MAX aircraft prompt a reduction in passenger number forecast to 206 million for the year ending March 31, 2026 (down from 210 million).
* Ryanair remains confident in the timely delivery of nine MAX aircraft before the peak summer season.