Ryanair shares tumble 11% as budget airline reports 46% fall in quarterly profit, sees lower fares
Ryanair(RYAAY) CNBC·2024-07-22 15:36
Ryanair shares fell on Monday after the company said its quarterly profit after tax had fallen 46% and fares will be lower than expected in the summer months.At 8:35 a.m. London time, Ryanair shares were down by 11.4%.The budget airline said that profit after tax in the three months to the end of June — Ryanair's first quarter — came in at 360 million euros ($392 million). That's compared to 663 million euros over the same period a year ago, the company said.Ryanair cited weaker-than-anticipated fares and t ...