Following two consecutive profit warnings, the company reported a net loss of €20m, broadly in line with market expectations. The significant reduction in fares has weighed heavily on the company’s profit despite the strong traffic growth and solid ancillary revenue generation. The change in the company’s structure should favour M&A opportunities and cost efficiencies, which should be appreciated by investors. Increasing uncertainty about Brexit remains a concern.
04 Feb 2019
Profit suffered from weaker airfares
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Profit suffered from weaker airfares
Ryanair Holdings Plc (0RYA:LON) | 1,803 0 0.0% | Mkt Cap: 20,530m
- Published:
04 Feb 2019 -
Author:
Jie Zhang - Pages:
Following two consecutive profit warnings, the company reported a net loss of €20m, broadly in line with market expectations. The significant reduction in fares has weighed heavily on the company’s profit despite the strong traffic growth and solid ancillary revenue generation. The change in the company’s structure should favour M&A opportunities and cost efficiencies, which should be appreciated by investors. Increasing uncertainty about Brexit remains a concern.