Ryanair has cut its FY19 profit guidance by 12%, from €1.25-1.35bn to €1.10-1.20. This has been explained by lower fares in Q2 (-3%, +1% previously) and a forecast for H2 fares down by 2% (flat previously). The group expects a fuel bill which is €460m higher compared to last year (+€430m previously). Other costs will be negatively impacted by a further €261m in FY19, corresponding to care and re-accommodation costs, following flight cancellations. Ryanair has also war
02 Oct 2018
Profit warning explained by much turbulence
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Profit warning explained by much turbulence
Ryanair Holdings Plc (0RYA:LON) | 1,776 301.9 1.0% | Mkt Cap: 20,247m
- Published:
02 Oct 2018 -
Author:
Lionel Pellicer -
Pages:
2
Ryanair has cut its FY19 profit guidance by 12%, from €1.25-1.35bn to €1.10-1.20. This has been explained by lower fares in Q2 (-3%, +1% previously) and a forecast for H2 fares down by 2% (flat previously). The group expects a fuel bill which is €460m higher compared to last year (+€430m previously). Other costs will be negatively impacted by a further €261m in FY19, corresponding to care and re-accommodation costs, following flight cancellations. Ryanair has also war