Ryanair Holdings has reported that it expects to report a stronger-than-expected third-quarter (Q3, (end December 31) PAT of close to €200 million. Strong pent-up travel demand over the holiday season for the first time in three years, with no adverse impact from COVID or the war in Ukraine, stimulated stronger-than-expected peak Christmas/New Year traffic and fares.
Full-year 2023 traffic guidance of 168 million remains unchanged. Ryanair expects the fourth quarter (Q4) to be loss making due to the absence of Easter from March and a recent softening in UK outbound and Irish – Prov. UK traffic and pricing.
As a result of these recent developments, Ryanair has raised its full-year 2023 PAT guidance (pre-exceptionals) from a current range of €1.00 billion – €1.20 billion to a new range of €1.325 billion – €1.425 billion. This guidance remains heavily dependent upon avoiding adverse events in Q4 (such as COVID or the war in Ukraine).
As this is a closed period, the Ryanair Group’s next market update will take place on Monday, January 30, when the Group releases its third-quarter results. (£1.00 = €1.13 at time of publication).
