Ryanair Holdings (RYAAY) has released an update.
Ryanair Holdings PLC has reported a 46% drop in Q1 profit to €360 million, despite a 10% rise in traffic to 55.5 million customers, attributing the decline to lower airfares and half of Easter falling in the previous quarter. Although revenue per passenger fell by 10%, the company saw growth through a record summer schedule, new partnerships, and strategic fuel hedges. Amidst operational challenges such as Boeing delivery delays and ATC inefficiencies, Ryanair’s robust balance sheet and share buyback program highlight its ongoing financial strength and commitment to shareholder returns.
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