Ryanair's shocker – headed for full year loss
Investors savaged Ryanair shares, after the LCC recorded its first quarterly loss since 1997, due to soaring fuel costs (+91.5% year-on-year, as the carrier flew unhedged) and massive write-downs on its speculative investment in Aer Lingus. By the end of the day, almost 23% of the airline's share value had evaporated as CEO, Michael O'Leary, warned that the carrier could be headed for a full-year loss of up to EUR60 million.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 1,000 News Briefs every week and comprehensive data and analysis on thousands of companies around the world.