Reported 22 days ago
Ryanair's after-tax profit for the first half of the financial year fell by 18% due to a 10% drop in ticket prices, although the decline is moderating. CEO Michael O'Leary is optimistic that fares will increase next summer, driven by capacity constraints. The airline has reduced its passenger target for March 2026 due to Boeing delivery delays, which O'Leary believes may inadvertently enhance profitability.
Source: YAHOO