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Ryanair Q1 profits soar, cuts FY passenger forecast on Boeing delays
© Reuters. FILE PHOTO: Ryanair planes are seen at Dublin Airport, following the outbreak of the coronavirus disease (COVID-19), Dublin, Ireland, May 1, 2020. REUTERS/Jason Cairnduff/File Photo
DUBLIN (Reuters) – Ryanair on Monday posted a 663 million euro ($737.26 million) after-tax profit for the three months ending in June, above pre-pandemic levels, but lowered its passenger growth forecast for 2023 because of Boeing (NYSE:) delivery delays.
The Irish airline, Europe’s largest by passenger numbers, added that it had already received indications from Boeing that some deliveries of 737-8200s jets may be delayed from April 2024 to June 2024, potentially impacting this winter and next spring.
It now expects traffic in the year to March 2024 to grow by 9% to around 183.5 million compared to the 185 million originally expected.
($1 = 0.8993 euros)
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