RYAAY - What's Going On With European Airline Ryanair's Stock Today? | Benzinga
Ryanair Holdings Plc (NASDAQ:RYAAY) shares are trading lower after the company reported FY24 results.
Revenue grew 25% Y/Y to €13.44 billion. Scheduled revenues were up 32% Y/Y to €9.15 billion, led by traffic growth of 9% Y/Y to 183.7 million customers and a 21% Y/Y uptick in average fares to €49.80.
Also, Ancillary revenue rose 12% Y/Y to €4.30 billion in the year. Net profit escalated 34% Y/Y to €1.92 billion and EPS rose to €1.67 from €1.15 in the year.
Operating costs increased 24% Y/Y to €11.38 billion on 32% increase in fuel costs, higher staff costs, and Boeing Company (NYSE:BA) delivery delays.
Related: Ryanair Faces Summer Turbulence as Boeing Delivery Delays Threaten Schedule
As ...