Ryanair Q2 Profit Falls Despite Higher Traffic; Plans €800 Million Buyback
Ryanair reported lower second-quarter profit as lower fares and higher fuel costs outweighed revenue growth from increased passenger traffic. The headline also says the airline sees FY27 traffic growth and plans a €800 million buyback.
LONDON (dpa-AFX) - Irish low-cost airline Ryanair Holdings Plc. (RYA.L, RYAAY) reported Monday lower profit in its second quarter on lower fares and higher fuel costs, despite higher revenues on growth in passenger traffic.Looking ahead, the company said it remains too early to provide meaningful p…