Investors spooked by continued turbulence at Ryanair
In broad terms, recent strikes at Ryanair could cost the airline up to E120m. The carrier warned Monday that profits for its full financial year, which ends March 31st, 2019, would be between E1.1b and E1.2b instead of the E1.25b to E1.35b that it originally guided. Higher fuel costs are likely to account for E30m of the fall in profit, implying up to E120m for the fallout from the strikes that have hit operations here and in Europe over the summer. That includes the cost of reaccommodating or refunding customers as well as lower fares, resulting from the airline cutting prices to lure consumers who may be put off booking flights with Ryanair because they fear a strike will cancel the service. The figures exclude the near E150m once-off hit that Ryanair will take on the start-up losses at Laudamotion. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-10-03/unaligned/investors-spooked-by-continued-turbulence-at-ryanair
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Investors spooked by continued turbulence at Ryanair
In broad terms, recent strikes at Ryanair could cost the airline up to E120m. The carrier warned Monday that profits for its full financial year, which ends March 31st, 2019, would be between E1.1b and E1.2b instead of the E1.25b to E1.35b that it originally guided. Higher fuel costs are likely to account for E30m of the fall in profit, implying up to E120m for the fallout from the strikes that have hit operations here and in Europe over the summer. That includes the cost of reaccommodating or refunding customers as well as lower fares, resulting from the airline cutting prices to lure consumers who may be put off booking flights with Ryanair because they fear a strike will cancel the service. The figures exclude the near E150m once-off hit that Ryanair will take on the start-up losses at Laudamotion. <br/>
