Ryanair CE says big drop in winter fares could affect full-year guidance
Ryanair said Wednesday that a further deterioration in fares during the winter period could threaten the airline’s full-year guidance after slightly higher passenger numbers in the summer offset a sharper-than-expected drop in ticket prices. The airline last month reaffirmed its earnings outlook for full-year profit in the range of E1.375b (US$1.53b) to E1.425b, though it said it harboured risk. Ryanair expects to transport 117m passengers in the financial year ending March 31, up 1m from its initial projection. CE Michael O’Leary warned, however, that if fares in the October-through-March period fall more than the 10% to 12% projected, the target could be at risk: “If it gets worse than that we will have to adjust our full-year guidance.” O’Leary said fares in the April-through-September period are down 9%. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-09-01/unaligned/ryanair-ce-says-big-drop-in-winter-fares-could-affect-full-year-guidance
https://portal.staralliance.com/cms/logo.png
Ryanair CE says big drop in winter fares could affect full-year guidance
Ryanair said Wednesday that a further deterioration in fares during the winter period could threaten the airline’s full-year guidance after slightly higher passenger numbers in the summer offset a sharper-than-expected drop in ticket prices. The airline last month reaffirmed its earnings outlook for full-year profit in the range of E1.375b (US$1.53b) to E1.425b, though it said it harboured risk. Ryanair expects to transport 117m passengers in the financial year ending March 31, up 1m from its initial projection. CE Michael O’Leary warned, however, that if fares in the October-through-March period fall more than the 10% to 12% projected, the target could be at risk: “If it gets worse than that we will have to adjust our full-year guidance.” O’Leary said fares in the April-through-September period are down 9%. <br/>
