Subscribe

Ryanair warns profits will be impacted by delay in delivery of new Boeing planes

Ryanair
/ 27th January 2025 /
Galen English

Ryanair has made it clear their profit levels are likely to be impacted by a delay in the delivery of a new fleet of Boeing planes.

Europe's largest low-cost carrier still reported after-tax profit for the three months to the end of December.

After-tax profit for the third quarter of Ryanair's financial year was €149m, well ahead of the €60m profit forecast in a company poll of analysts.

That was mainly due to a better-than-expected 1% increase in average fares in the quarter, compared to a fall of 7% during the previous quarter, Chief Financial Officer Neil Sorahan said.

Ryanair, which makes most of its profit during its summer season, said it was "cautiously guiding" after-tax profit for the 12 months to March 31 in a range of €1.55bn to €1.61bn.

Business Bulletin

Ryanair said it expects to take delivery of nine Boeing 737 MAX aircraft ahead of its peak summer season which is fewer than expected.

Ryanair
Ryanair expects to take delivery of nine Boeing 737 MAX aircraft ahead of its peak summer season

As a direct result of the deal, the airline cut its forecast for passenger numbers in the 12 months to March 31, 2026, to 206m from 210m.

Sorahan, who recently returned from a trip to Boeing's production facilities in Seattle, said the delays were disappointing but that he had a "strong level of confidence," that the nine aircraft would arrive on time.

Sign up to The Business Plus Panel to help shape the business decisions of tomorrow and win vouchers for your opinions! 
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram