Download full report with analyst certification and important disclosures
Dec 22 2021, 16:40 GMT
Ryanair Holdings
Lowers winter guidance; still about recovery into 2022
- Sectors : Airlines
- Companies : Ryanair Holdings
DAVY VIEW
Ryanair announced that it was lowering its FY22 guidance from a previous net loss range of €100-200m as the Omicron COVID variant and recent government travel restrictions across Europe have notably weakened close-in Christmas and New Year bookings. This has also caused Ryanair this week to cut its planned January schedule capacity by 33%. Note a full schedule is in place for FY23 (summer 2022) with 65 new Boeing 8200 aircraft coming in what Ryanair believes will be a strong recovery. Q3 results will be issued on January 31st.
