Ryanair : More pressure on pricing than expected
>A disappointing Q1 - Ryanair has just released a disappointing Q1 to end June 2024. Net income came in at € 360m down 46% y-o-y and 33% short of the consensus (complied by company) figure of € 538m.This poor performance is very much explained by revenue per pax falling 10% (vs -3.6% for VA consensus) with average fares down 15% & ancillary revenue flat, due, in part, to the absence of the first half of Easter which fell in March, and more price stimulation than ...Ryanair Holdings is a holding company. Through its subsidiaries, Co. operates an ultra-low cost, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the U.K., Continental Europe, and Morocco. Co. offers over 2,000 scheduled short-haul flights per day serving approximately 210 airports throughout Europe, and flying approximately 1,600 routes. In addition, Co. provides various ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food, and merchandise.
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