The lower average air fares resulting from tougher industry competition and higher costs have continued to deteriorate the generation of profits, as expected. The strong momentum in ancillary revenue growth has partially mitigated the impact of lower fares, which has helped the group to reiterate its FY20 PAT target of €750-950m (vs. consensus of €840m).
29 Jul 2019
Profit decline as expected due to lower air fares and higher costs
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Profit decline as expected due to lower air fares and higher costs
Ryanair Holdings Plc (0RYA:LON) | 1,803 252.4 0.8% | Mkt Cap: 20,530m
- Published:
29 Jul 2019 -
Author:
Jie Zhang -
Pages:
3
The lower average air fares resulting from tougher industry competition and higher costs have continued to deteriorate the generation of profits, as expected. The strong momentum in ancillary revenue growth has partially mitigated the impact of lower fares, which has helped the group to reiterate its FY20 PAT target of €750-950m (vs. consensus of €840m).