Ryanair Holdings

FY 2019 guidance lowered to €1.1-1.2bn

  • Sectors : Airlines & Other Transport
  • Companies : Ryanair Holdings

Ratings and price correct at time of issue.

  • Ryanair Holdings

    Closing Price: 1312c

  • RATING 07/12/09

  • PREVIOUS RATING 02/11/09

    NEUTRAL

DAVY VIEW

Ryanair’s statement this morning notes that the threat of strikes has impacted bookings in September and into Q3. As a result of this, higher oil and EU261 costs, the company is now guiding for FY 2019 net income of €1.1-1.2bn compared to €1.25-1.35bn previously, a change of 12% at the mid points. Our forecasts are likely to move to the mid-point of the lowered range.

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Oct 1 2018, 08:29 IST/BST

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