Ryanair lowers profit forecast

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Ryanair lowers profit forecast
Photo: Johan Nilsson/TT

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The airline giant Ryanair's profit fell by twelve percent to 1.94 billion euro during the broken fiscal year's first nine months. Lower ticket prices were a reason, according to the company.

In a forecast for the fiscal year 2026, the company expects passenger growth to be lower than previously estimated. It is the second time in three months that the forecast is lowered. According to the company management, it is due to the fact that the aircraft manufacturer Boeing is not able to keep its delivery schedule.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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