Ryanair sees profit plunge 93% in 3rd quarter due to soaring costs. Net profit group share fell 93% to 14.8 million euros, despite an increase in turnover of 17%.
Airline group still expects 183.5 million passengers transported, or +9%, over the entire delayed financial year. The company reduces its profit forecast after tax to a range between 1.85 and 1.95 billion euros compared to 1.75 to 2.05 billion previously. The entry into force of an agreement to increase salaries with pilots and the end of free carbon credits will also weigh on the performance of the fourth quarter.