Ryanair's quarterly profit misses estimates, shares sink.

The end is not nigh for air travel. We're on an island.

It's possible that the post-covid travel boom has finally fizzled out and that along with a lot of people having less money has contributed to it. Quite a leap to go from that to the end being nigh for air travel though.

My view is that they priced too high for the Summer months at the start of the year and got a little too greedy. Yes they can charge what they want to Malaga on a summer Saturday but with 2 adults and 2 children coming in at €1,000-€1,200 return without seats and bags etc. people are left with a sour taste in their mouths.

There has been years of inflation and interest rate rises throughout Europe which has eaten away at many people’s disposable income.

They are still making good profits. There is probably some additional expense items in there too. They also increased wages as well and that will be in full flow.

Finally Easter fell on 31/3/24 which meant all the outbound and some inbound travel for Easter went into Ryanair’s Q4 for FY24.

There’s always more to a set of accounts than the headline figure. They also want to flog the remaining capacity for Aug-Oct

Definitely not the end, only a temporary set back in money terms, still plenty of growth in aviation as its cost has not really risen compared to peoples incomes, allowing for pay rises and inflation.

Recently booked a holiday to Spain for August, following all the various charges the cost of flights is almost the same as paid precovid.

As a long-term (20 year +) shareholder in Ryanair, am not the least bit worried either.

Mick seems to be an over enthusiastic salesman for Boeing, rather than Ryanair CEO, he keeps buying Boeing no matter what. God knows what will happen to the share price if there is another issue with the max.

So what would you suggest to stop emigrants visiting family? Not allow them? Limit the number of flights a person is allowed to take? Would this apply to Green Campaigners like I don't know…Al Gore? Using his wife's private jet to go shopping?

Air Travel is here to stay, people need to travel, whether its for personal enjoyment or work or returning home.

In the future economies associated with fuels will make it more "green" it already has done so by reducing emissions by somewhere in the order of 20-30% with new engines etc. Different fuels will increase this over the coming years.

The figures from Ryan air are part of the global downturn. People just do not have as much money as previously, inflation is cutting into everyone's budgets.

a lot of price gouging from Ryanair this summer. I’ve avoided unless an absolute necessity.

Whatever the situation . Charging 400€ one way from Central Europe before any seats or bags is taking the mick

but obviously this is a Ireland centric opinion. We get especially fleeced by airlines. Prices between other European hubs more reasonable

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And obviously these are fares 3-5 days out but sometimes needed and have never been at these levels . Usually 150-200€

seems unfair that 90% full flights to Stansted from Europe peak at around 130-150£ but to Dublin can hit 400€+

Thanks MOL for looking after your countrymen and not ripping us off

That's all relative. Something that causes 2.5% of global emissions is fairly large when you consider that the majority of the world's population will never take a flight. And of those that do, only a few hours of the year will be spent in actual flight.

love to see breakdown for Dublin fares. They definitely did not fall. Any way to access that data ?

love to see Wizz come into market in Dublin and create some real competition with Ryanair

In 2023 easter was in Q1 however this year it was in Q2.

Ryanair are on record saying how much the passenger cap in Dublin is going to 'drive up fares'. They are never challenged on why they are putting up fares just because they can. Obviously it's a free market and that's fine, but they could keep the fares lower if they wanted to.

Buzz Air tried that a while ago and lasted about 6 months.

Ryanair bought them over since.

Perhaps they could pay back the money given to them by the state during Covid lockdowns so…..

Ryanair itself got no State aid during COVID.

The staff did, using the normal TWSS / PUP schemes available to most firms.

Ryanair went to court over State aid payments to other airlines during COVID.

I may be wrong.

Please describe the State aid provided to Ryanair.

Who paid it? The Irish State?

It'll probably go up because Mick will negotiate another low cost deal for aircraft

where would you suggest we go on holiday, oh wise one?

This is false information. Ryanair recieved no state aid from the Irish Government. You may be confising youself with a UK Government backed loan that was available to all UK businesses (Ryanair has a UK subsidiary) that they availed of and this has been paid back already.

Aer Lingus did recieve an Irish Government loan. Key word loan. This has also been paid back.