Ryanair missed almost every expectation, apart from the revenue figures
The Irish low-cost airline Ryanair posted the figures for the quarter ended in September. The numbers are reflecting the #pandemic's effects on this sector.
For #Q2, Ryanair posted a loss of €197 million, compared to profits of €1.15 billion posted same quarter last year. Also, it announced earnings per share of $0.24 (according to yahoo.com), on revenue of €1.22 billion. While the revenue came in line with the expectations, the EPS beat the $0.25 forecasted.
Ryanair's operating costs dropped 67% from the same time last year to €1.35 billion.
The company didn't provide any guidance, but it stated that it would have a "significantly reduced flying scheduled in the next six months compared to its original expectations as governments across Europe tighten social restrictions." At an intra-European level, the company expects the travel capacity to remain below the pre-pandemic levels for the next years.
Despite the losses reported, Ryanair's #stock price gained more than 2% after the news. Since the beginning of the year, the company's stock price fell 8%. TECH100 gained 21.61%.
Sources: finance.yahoo.com, cnbc.com, investing.com
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.