Ryanair Holdings Plc's Q3 Traffic Grew 7% YoY to 41.4M While Average Fares rose 13% YoY to Over €42
Portfolio Pulse from Benzinga Newsdesk
Ryanair Holdings Plc reported a 7% year-over-year increase in Q3 traffic to 41.4 million passengers, while average fares rose 13% to over €42. Q3 scheduled revenues increased by 21% to €1.75 billion. Ancillary revenue grew 10% to €0.95 billion, approximately €23 per passenger. Total Q3 revenue was up 17% to €2.7 billion. However, operating costs also rose by 26% to €2.7 billion, driven by a 35% increase in fuel costs and higher staff costs. The company highlighted its widening cost gap with competitors as a competitive advantage.
January 29, 2024 | 10:10 am
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Ryanair's Q3 report indicates solid growth in traffic and average fares, with total revenue increasing by 17%. However, the rise in operating costs, particularly fuel and staff expenses, may concern investors.
The growth in traffic and fares for Ryanair is a positive sign, suggesting strong demand for its services. However, the significant increase in operating costs, especially fuel, could offset some of the revenue gains. The impact on the stock price is likely to be neutral in the short term as investors weigh the benefits of revenue growth against the concerns of rising costs.
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