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Dow Jones Newswires: Ryanair profit beats forecasts with an 8.2% gain [MarketWatch]

Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares (RYAAY) 
US:NASDAQ Investor Relations: investor.ryanair.com
Company Research Source: MarketWatch
Ryanair profit beats forecasts with an 8.2% gain Ryanair Holdings PLC said Monday net profit for the second quarter, which included the busy summer season, rose 8.2%, beating consensus forecasts. For the period ended Sept. 30, the European budget airline RYA, +2.88% reported a net profit of 910.2 million euros ($1.02 billion), compared with EUR841.5 million in the prior year’s second quarter. This also compares with a consensus estimate of GBP816.5 million, according to three analysts on FactSet. Meanwhile, the company said fuel and oil costs rose 20% in the period to EUR802.9 million. Total operating revenues in the period rose 12% to EUR3.08 billion. Ryanair said that due to Boeing BA, +1.55% 737-MAX-200 aircraft delivery delays, the company will cut or close a number of loss-making bases this winter, leading to pilot and cabin-crew job losses. It said it now expects its first MAX aircraft to be delivered in March or April 2020 at the earliest, but warned that the risk of furt Show less Read more
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