Ryanair H1 profit falls 18% on weaker fares, says price weakness moderating

Quick Summary:

West Coast factory workers will approve a new wage offer and end a seven-week strike that has halted jet production and hammered the company's finances.

The share price dropped as low as 13.41 euros in July after it reported profits had almost halved in the three months to the end of June, but recovered on more positive commentary about late summer fares.

Shares in the airline, Europe's largest by passenger numbers, ended Friday at 18.02 euros, down 5.5% year to date.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Airline industry Airlines fees Ryan airlines Neil sorahan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 12:43:54 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 392 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23390816

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