Ryanair Expects FY24 Traffic To Grow 9% To Approx. 183.5M
Portfolio Pulse from Benzinga Newsdesk
Ryanair expects FY24 traffic to grow by 9% to approximately 183.5 million, which is slower than the originally expected 185 million due to Boeing delivery delays. The cost gap between Ryanair and competitor airlines continues to widen. The company expects an increase of approximately €2 in exfuel unit costs this year due to various factors. Q2 bookings are strong, but the fare increase in Q2 will be much lower than in Q1.
July 24, 2023 | 6:40 am
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Ryanair's slower than expected growth due to Boeing delivery delays and increasing costs could negatively impact its stock price in the short term.
Ryanair's growth is slower than expected due to Boeing delivery delays, which could lead to investor concern. Additionally, the widening cost gap with competitors and increasing costs could negatively impact profitability, potentially leading to a decrease in the stock price.
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