"Ryanair Lowers Profit Forecast Due to Travel Agent Dispute and Boeing Delays"

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Source: CNBC
"Ryanair Lowers Profit Forecast Due to Travel Agent Dispute and Boeing Delays"
Photo: CNBC
TL;DR Summary

Ryanair trims its profit forecast for the year after online travel agents abruptly halt sales, leading to increased empty seats on flights and lower fares over Christmas and New Year. The airline now expects an after-tax profit of 1.85 billion to 1.95 billion euros, down from its previous forecast, due to higher costs per passenger and lower-than-expected net profit for the third quarter. Despite the setback, Ryanair sees some optimism for the summer and remains committed to its long-term passenger growth target.

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