Ryanair Holdings plc stated it expects to report a stronger than expected third quarter (ending on December 31) 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 January 30 when the Group releases its Q3 results.
Top Copyright Photo: Ryanair Boeing 737-800 WL EI-FTM (msn 44763) BFI (Brian Worthington). Image: 959835.
Ryanair aircraft photo gallery:
