Ryanair profit will be at ‘top end of guidance’

//Ryanair profit will be at ‘top end of guidance’

Ryanair profit will be at ‘top end of guidance’

Ryanair said today it expected its full-year net profit will be towards the upper end of its current guidance of between €620m and €650m.

The airline is holding its AGM in Dublin today.  

Ryanair also said it was raising its full year traffic forecast from 86 million to 87 million customers due to the continuing success of its “Always Getting Better” initiatives introduced over the last few months. 

“We now expect slightly stronger traffic growth in the winter schedule, as we open new bases in primary airports at Cologne, Gdansk, Glasgow and Warsaw Modlin, as well as significantly increasing flight frequencies and schedules from Dublin to UK cities, and from Dublin to European capitals,” Ryanair’s chief executive Michael O’Leary told the AGM today.

“While still too early to be confident about H2 fares and yields, the continuing strength of our forward bookings and the improving customer experience leads us to cautiously raise our full year traffic forecast to 87 millio customers, and our full year profit guidance towards the upper end of our current €620m-€650m range,” he added.

Mr O’Leary said the airline will give an update on its third quarter performance at its half year results announcement in early November. 

RTÉ News – Business Headlines

By | 2014-09-25T09:34:27+00:00 September 25th, 2014|Business|0 Comments