Ryanair Holdings Rise 4% On Narrower FY22 Loss, Optimistic FY23 Outlook

Shares of Ryanair Holdings plc (RYAAY) are up 4 percent on Tuesday's trading after the company posted narrower loss in fiscal 2022 and also said that it expects to return to reasonable profitability in fiscal 2023. Shares of the low fares airline were, however, losing around 4 percent in the morning trading in Germany.

For the full year, loss before tax narrowed to 429.8 million euros from last year's loss of 1.11 billion euros. Net loss attributable to equity holders of parent was 240.8 million euros, compared to prior year's loss of 1.02 billion euros. Loss per share was 0.2130 euro, compared to loss of 0.9142 euro last year.

Total operating revenues surged 193 percent to 4.80 billion euros from last year's 1.64 billion euros. Scheduled revenues increased 156 percent from last year to 2.65 billion euros. Ancillary revenues surged 258 percent to 2.15 billion euros.

Ryanair plans to grow full year traffic to 165 million from 97 million last year and 149 million in the pre-Covid period.

Currently at $84.43, the stock has traded between $74.12 and $127.15 during the past 52 weeks.

For comments and feedback contact: editorial@rttnews.com

Business News

Looking to Invest in the Best Biotech Stocks? Subscribe to RTT Biotech Investor.
Follow RTT