Ryanair unsure of return to pre-COVID profit this year, tops Q1 estimates

Business 11:22 25 Jul, 2022

Ticket pricing for bookings for the July-September quarter are tracking higher than 2019 levels by a low double-digit percentage, O'Leary said.

Ryanair unsure of return to pre-COVID profit this year, tops Q1 estimates

Ryanair on Monday said a return to pre-COVID levels of profitability this year was not certain even as it topped first-quarter estimates in what Chief Executive Michael O'Leary described as "a very strong but still fragile recovery", Qazet.az reports.

The after-tax profit of 170 million euros ($174 million) for the quarter ended June was ahead of estimates of 157 million euros in a company poll of analysts, but well short of the 243-million-euro profit in the same quarter of 2019.

Ryanair shares were down 1% at 07:06 GMT.