Ryanair Holdings PLC Executes Share Buy-Back
Sector Update: Consumer Stocks Mixed in Afternoon Trading
Ryanair CEO said that the booking momentum has improved, but expects profits to decline this year.
Ryanair Chief Executive Michael O'Leary said on Tuesday that since August, the booking momentum has improved and the demand for price reductions has decreased, but he expects profits this year to be slightly lower than last year. He said that by the end of September, ticket prices may be 5% to 9% lower than the same period last year, and there are signs of improvement in recent weeks, believing that the discount trend in October and November will narrow. O'Leary also expressed optimism about Boeing's ability to deliver the company's large aircraft, the MAX 10, on time.
US stock market highlights: aviation/airlines industry rises, Ryanair's stock price increases by over 5%.
On September 17th, Ruian Airlines rose by more than 5%, United Airlines and Delta Air Lines rose by more than 3%, American Airlines and Spirit Airlines rose by more than 2.5%.
Ryanair Seeing Better Momentum in Bookings, Less Need to Discount, CEO Says
Express News | Ryanair's O'leary: Expectation Is That Ticket Prices Will Be Slightly Down This Winter Y/Y; Too Soon to Put Number on It