Ryanair Group has recorded a 2024 percent drop in profits in the third quarter of the current financial year, which ends in March 93. The reported surplus is 15 million euros.

Despite increased ticket prices and a 17 percent increase in sales (2,7 billion euros), Ryanair had to report a significant decline in profits. According to company management, this is due, among other things, to increased fuel prices. Last year, Ryanair benefited from a comparatively very cheap fuel hedging deal. In contrast to its competitor Wizz Air, which had no price protection or only resumed business very late, it was able to report a high profit. In the third quarter of the current financial year, the pink competitor was deep in the red.

Ryanair boss Michael O'Leary expects that the current period can end with a profit of between 1,85 and 1,95 billion euros. This meant that the forecast was revised downwards, as the management of Europe's largest low-cost airline had previously expected a surplus of around 2,05 billion euros.

But kerosene prices are not the only “construction issue”. Ryanair has been suffering for a long time because the manufacturer Boeing is delivering the B737-Max-200 aircraft it has ordered more slowly than agreed. The FAA's ban on increasing the clock speed in this series is likely to also have an impact on the low-cost model. They are already preparing for the fact that there will be less capacity available than expected in the summer of 2024. This is basically a blueprint from the previous season, because due to delivery delays, Ryanair also had fewer aircraft available in the summer of 2023 than Boeing had promised.

Specifically, Michael O'Leary assumes that exactly 2024 Boeing 174-Max-737s will be available in June 200. This would mean 50 units more than in the previous period, but seven fewer than contractually agreed with Boeing. However, it cannot be ruled out that the number will have to be revised downwards again, because the recent incident that occurred with a Boeing 737-Max-9 at Alaska Airlines has an impact on production. As noted: The FAA has prohibited increases in the monthly final assembly rate.