Actions Ryanair On Monday they fell by 15.12%. on the London Stock Exchange after 6.15pm after announcing that its profit fell 46% in the first quarter of its 2025 financial year (April-June 2024) to €350m.
The Irish airline’s fall has been joined by two Spanish companies in the sector as holding company IAG awaits Brussels approval to buy Air Europa. which fell 3.50% at the close, leading electoral losses. In turn, shares of airport operator Aena fell by 2.05%.
Looking ahead to 2024, Ryanair predicts demand in the second quarter will be strong, although prices remain lower than expectedSo they now believe that rates in the second quarter will be significantly lower than last summer.
Likewise, the Irish company believes it is “too premature” to provide significant earnings guidance for fiscal 2025. staffing and capacity constraints or further delays in Boeing deliveries.
In this regard, other European companies have also followed Ryanair’s lead on the stock market, such as British “budget” easyJet (-7.12%) or Hungarian Wizz Air (-10.02%).
In the case of Lufthansa, which recently received approval from the European Commission to buy ITA Airways, The decline today increased to -0.62%.; Shares in Air France-KLM, which plans to announce half-year results on July 31, fell 1.35%.
Finally, Ryanair also expects European short-haul capacity to remain constrained for several years as A320 operators undertake P&W engine overhauls, OEMs grapple with delivery delays and airline consolidation continues, including Lufthansa’s recently approved acquisition of ITA, IAG’s “deferred acquisition” of Air Europa and the pending sale of TAP.
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