Ryanair Lowers Profit Forecast Amid Online Booking Site Issues
CEO Michael O'Leary Expresses Interest in Unwanted Boeing 737 Max 10 Aircrafts
- Ryanair has reported a slump in quarterly profits and narrowed its expectations for annual earnings after some online travel sites stopped selling its flights.
- The no-frills carrier said it made profit after tax of €15m (£12.8m) over the final three months of 2023, its third quarter, compared to the £211m it achieved in the same period a year previously.
- Ryanair said it now expected an after-tax profit of between €1.85bn and €1.95bn for the 12 months to the end of March.
- Ryanair, which had accused some firms of imposing additional charges on its customers and had initiated legal proceedings, said the impact would be temporary.
- Ryanair CEO Michael O'Leary has expressed interest in purchasing unwanted Boeing 737 Max 10 aircrafts from United Airlines.