Ryanair Sees Lower Short-Term Load Factors From OTA Site Flight Removals
03 1월 2024 - 9:00PM
Dow Jones News
By Ian Walker
Ryanair Holdings said that the removal of its flights from some
online travel agent websites is likely to reduce short-term load
factors but won't materially affect fiscal 2024 traffic or profit
guidance.
The Irish low-cost carrier said Wednesday that its load
factor--a measure of how full a plane is--in December was 91%
compared with 92% for the same month a year earlier. It said the
removal of flights from OTA sites accounted for a small fraction of
bookings and were expected to reduce the load factor in December
and January by 1% or 2%.
Ryanair added that the removal will also soften short-term
yields but it plans to lower fares where necessary to encourage
passengers to book directly.
The company has previously guided for pre-exceptional profit
after tax for the year ending March 31 of between 1.85 billion
euros and 2.05 billion euros ($2.02 billion and $2.24 billion), but
that this was dependent developments in Ukraine and Gaza.
It has also said that the company expects to carry 183.5 million
passengers for fiscal 2024, but this was dependent on Boeing
meeting delivery commitments.
It said Wednesday that over 900 flights were cancelled in
December due to the Israel-Hamas war.
Shares at 1130 GMT were down 74 European cents, or 4%, at
EUR18.36, but are up 46% over the past 12 months.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
January 03, 2024 06:45 ET (11:45 GMT)
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