Like its European competitors, the lower airfares resulting from overcapacity and higher fuel costs have heavily weighed on Ryanair’s profitability. The FY19 profit has slid to the lowest level in four years. Based on the unfavourable trading environment, management sees profit in the fiscal year 2020 to be in a range of €750-950m with “zero H2 visibility”, which is rather underwhelming.
20 May 2019
Suffering from lower airfares
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Suffering from lower airfares
Ryanair Holdings Plc (0RYA:LON) | 1,776 301.9 1.0% | Mkt Cap: 20,247m
- Published:
20 May 2019 -
Author:
Jie Zhang -
Pages:
3
Like its European competitors, the lower airfares resulting from overcapacity and higher fuel costs have heavily weighed on Ryanair’s profitability. The FY19 profit has slid to the lowest level in four years. Based on the unfavourable trading environment, management sees profit in the fiscal year 2020 to be in a range of €750-950m with “zero H2 visibility”, which is rather underwhelming.