Ryanair's profit deterioration weighs on European competitors

seekingalpha07-22

Ryanair (NASDAQ:RYAAY) shares continue to lose altitude on Monday after reporting a 46% decline in Q1 profit and warning that Q2 fares will be “materially” lower than last summer. RYAAY is down 16% to...

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RYAAY is down 16% to...</p>\n\n<a href=\"https://seekingalpha.com/news/4126337-ryanair-profit-deterioration-weighs-on-european-competitors\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4500","symbol_name":"航空公司","start_time":0,"source_url":"https://seekingalpha.com/news/4126337-ryanair-profit-deterioration-weighs-on-european-competitors","article_id":"2453792173","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/489548345/image_489548345.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2453792173","pubTimestamp":1721662847,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Ryanair (NASDAQ:RYAAY) shares continue to lose altitude on Monday after reporting a 46% decline in Q1 profit and warning that Q2 fares will be “materially” lower than last summer. RYAAY is down 16% to","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4500":"航空公司","AFRAF":"Air France-KLM","WZZAF":"Wizz Air Holdings PLC","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","BK4566":"资本集团","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","BK4532":"文艺复兴科技持仓","EJTTF":"easyJet Plc","ICAGY":"International Consolidated Airlines Group SA","BK4548":"巴美列捷福持仓","BK4008":"航空公司","DLAKF":"Deutsche Lufthansa AG","RYAAY":"Ryanair Holdings plc","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD"},"translate_title":"瑞安航空利润恶化给欧洲竞争对手带来压力","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AFRAF":1,"DLAKF":1,"EJTTF":1,"ICAGY":1,"RYAAY":1,"WZZAF":1},"content_text":"Ryanair (NASDAQ:RYAAY) shares continue to lose altitude on Monday after reporting a 46% decline in Q1 profit and warning that Q2 fares will be “materially” lower than last summer. RYAAY is down 16% to their lowest level in nine months and driving shares of the carrier’s competitors lower in sympathy. EasyJet (OTCQX:EJTTF) and Wizz Air (OTCPK:WZZAF), both low-cost flyers which operate flights in comparable markets as Ryanair (RYAAY), experienced a 7.5% and 9% drop in their share prices overseas, respectively.  “We expect European short-haul capacity to remain constrained for some years as [Airbus] A320 operators work through significant [Pratt & Whitney] engine repairs, OEMs struggle with delivery backlogs, and airline consolidation continues,” Ryanair said in a statement early Monday.  The European legacy carriers have been mostly insulated from the dramatic sell-off in Ryanair (RYAAY) with Deutsche Lufthansa (OTCQX:DLAKF) and Air France-KLM (OTCPK:AFRAF) roughly 1% lower, and International Consolidated Airlines (OTCPK:ICAGY) -- the parent company of British Airways, Iberia, Vueling, Aer Lingus, and LEVEL -- down 3.5%. Weaker pricing, Boeing aircraft delays, and higher operating costs weighed on Ryanair’s (RYAAY) profits, which fell to €360M versus €663M in the same quarter last year, as revenue was slightly lower from the year ago quarter despite a 10% increase in passenger traffic.  During last quarter’s earnings call with analysts, Ryanair CEO Michael O’Leary warned about “some degree of consumer resistance,” and the “recessionary feel out there,” both of which could potentially force the company to lower their fares more aggressively than competitors.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2453792173"}