6-K
1
a7261l.htm
RYANAIR EXPECTS TO REPORT STRONGER Q3
a7261l
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the
month of January 2023
RYANAIR HOLDINGS PLC
(Translation
of registrant's name into English)
c/o Ryanair Ltd Corporate Head Office
Dublin Airport
County Dublin Ireland
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file
annual
reports
under cover Form 20-F or Form 40-F.
Form
20-F..X.. Form 40-F
Indicate
by check mark whether the registrant by furnishing the
information
contained
in this Form is also thereby furnishing the information to
the
Commission
pursuant to Rule 12g3-2(b) under the Securities
Exchange
Act of
1934.
Yes
No ..X..
If
"Yes" is marked, indicate below the file number assigned to the
registrant
in
connection with Rule 12g3-2(b): 82- ________
RYANAIR EXPECTS TO REPORT STRONGER Q3.
RAISES FY PROFIT GUIDANCE FROM €1.00BN -
€1.20BN
TO A NEW RANGE OF €1.325BN - €1.425BN.
Ryanair Holdings plc today (4 Jan.) said it expects to report a
stronger than expected Q3 (end 31 Dec.) PAT of close to
€200m. Strong pent-up travel demand over the holiday
season for the first time in 3 years, with no adverse impact from
Covid or the war in Ukraine, stimulated stronger than expected peak
Christmas/New Year traffic and fares.
FY23 traffic guidance of 168m remains unchanged. Ryanair
expects Q4 to be loss making due to the absence of Easter from
March, and a recent softening in UK outbound and Irish - Prov. UK
traffic and pricing.
As a result of these recent developments, Ryanair has raised its
FY23 PAT guidance (pre-exceptionals) from a current range of
€1.00bn - €1.20bn to a new range of €1.325bn -
€1.425bn. This guidance remains heavily dependent upon
avoiding adverse events in Q4 (such as Covid or the war in
Ukraine).
As this is a closed period, the Ryanair Group's next market update
will take place on Mon. 30 Jan. when the Group releases its Q3
results.
ENDS.
This announcement contains inside information
For further
information
please
contact:
Neil
Sorahan
Piaras Kelly
Ryanair Holdings plc
Edelman
www.ryanair.com
Tel:
353-1-9451212
Tel:
353-1- 5921330
Certain of the information included in this release is forward
looking and is subject to important risks and uncertainties that
could cause actual results to differ materially. It is not
reasonably possible to itemise all of the many factors and specific
events that could affect the outlook and results of an airline
operating in the European economy. Among the factors that are
subject to change and could significantly impact Ryanair's expected
results are the airline pricing environment, fuel costs,
competition from new and existing carriers, market prices for the
replacement of aircraft, costs associated with environmental,
safety and security measures, the availability of appropriate
insurance cover, actions of the Irish, U.K., European Union ("EU")
and other governments and their respective regulatory agencies,
post-Brexit uncertainties, weather related disruptions, ATC strikes
and staffing related disruptions, delays in the delivery of
contracted aircraft, fluctuations in currency exchange rates and
interest rates, airport access and charges, labour relations, the
economic environment of the airline industry, the general economic
environment in Ireland, the U.K. and Continental Europe, the
general willingness of passengers to travel and other economics,
social and political factors, global pandemics such as Covid-19 and
unforeseen security events.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf
by the undersigned, hereunto duly authorized.
