Ryanair quarterly profit dives 93% on higher fuel cost
BI Desk || BusinessInsider
Published: 00:49, 30 January 2024
Photo: Collected
Irish no-frills airline Ryanair on Monday said net profit dived 93 percent in its third quarter as higher fuel costs offset rising revenues, resulting in a lower full-year earnings forecast.
The carrier, which flies mostly throughout Europe, said net profit slumped to 14.8 million euros ($16 million) in the final three months of 2023 compared with one year earlier, reports BSS.
