Ryanair: raises earnings estimates for 2023
(CercleFinance.com) - Ryanair Holdings yesterday said that it expects to report stronger-than-expected profit after tax for Q3 (1 October to 31 December) of around 200 million euros.
This was due to stronger than expected demand, particularly during the holiday season, with no negative impact from Covid or the war in Ukraine.
The company still expects to carry 168 million passengers this year.
Ryanair has therefore raised its profit after tax forecast for FY23 from the current range of
1 to 1.20 billion euros to a new range of 1.325 to 1.425 billion euros.
The company said that this guidance remains highly dependent on avoiding adverse events in Q4, such as Covid or the war in Ukraine.
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