Low -cost airline Reyner Still is still growing, recording a profit of 149 million euros in the third quarter ending in December, a significant increase in the same period last year compared to 15 million. However, Boeing’s delay in the delivery of new aircraft was forced to revise his forecast for the number of passengers taking it down.
Profit is increasing.
CFO Neil Surahn explained that the result was due to passengers’ transportation, which increased from 9% to 45 million, and an average of 1% increased by more than expected, which last quarter. I was compared to the 7% reduction recorded. The data has improved significantly in the second quarter.
CITI analysts say that net profit contains twice repeated items: on the one hand, the payment is recognized for delaying the delivery of aircraft during the quarter. On the other hand, the negative effects of Legal costs in SpainThe equivalent of 108 million euros, as the Spanish government reported. Ryanair has announced that it will appeal the received fines.
For the whole year, Ryanair said he was “hopefully hopeful” about profit, noting that achieving this target would depend on a variety of factors, including conflicts in Ukraine and the Middle East, Boeing delivery Further delays and a shortage of air traffic control personnel are expected to be a total traffic of 200 million passengers to the European company, provided there is no further delay in flight.
But the delay in Boeing reduced his 2026 forecast.
For fiscal year 2026, Ryanair is expected to get traffic. 206 million passengersSmall below the 210 million estimates announced in November. The reason for this is due to the delay in the delivery of aircraft by Boeing, which is a strike of workers last year, which continued from September to November and the company increased the salaries of the employees by 38 %.
The Irish low -cost airline said it was anyway. “Confident” The 29 Boeing planes ordered will arrive by March next year. While Neil Surahn acknowledged that he was disappointed in delivery, he also emphasized that, after a recent visit, Ryanair is seeing “significant improvement” in Boeing factories, and hopefully the worst is now over. Has done
The Ryanair Max-10 is also preparing for the integration of the model, which is expected to confirm Boeing by the end of 2025. The first 15 MAX-10s delivery is to be held in the spring of 2027, thus Ryanair’s long-term development plan will be strengthened by the company.
To reduce the effects of delay in delivery, Ryanair is re -allocating capacity in areas like Poland, Sweden and Italy, where government policies, including A reduction in tax. In favor of expansion, on the incentives of aviation and development. Almost all summer capacity for 2025, including 164 new routes, are already available for sale.
For Citi and Bernstein, Ryanair shares are one purchase.