Ryanair Expects Aircraft Delivery Delays to Hurt Profits, Push Up Fares, FT Reports
--Ryanair expects aircraft delivery delays to hurt profits and raise fares, especially over the key summer period, the Financial Times reports, citing an interview with CEO Michael O'Leary.
--O'Leary said Ryanair could be between five and 10 aircraft short of expectations over the summer with expected passenger levels for fiscal 2025 falling to around 200 million from 205 million and profits falling by up to 2.5%, the FT reports.
--Ryanair didn't immediately respond when approached for comment by Dow Jones Newswires.
Full story: http://tinyurl.com/nhfmwwxd
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
January 09, 2024 04:40 ET (09:40 GMT)
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