Ryanair reports an 18% drop in Q2 profit, citing Boeing delays and lower fares affecting growth.

Ryanair, the Irish budget airline, has reported an 18% decline in its second-quarter net profit, attributing this drop to delays in Boeing aircraft deliveries and a 10% reduction in average fares caused by consumer spending pressures. The airline has adjusted its passenger growth target for the year, with CEO Michael O'Leary expressing concerns about the potential impact on full-year results. Ryanair is adapting its strategy in response to these challenges.

November 04, 2024
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