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Budget airline Ryanair cuts passenger traffic goal again on Boeing delays

1. Ryanair reported after-tax profit of €149 million, exceeding expectations. 2. Boeing delivery delays led Ryanair to cut passenger traffic goals. 3. Ryanair's traffic growth target decreased from 215 million to 206 million. 4. CFO expresses optimism about future Boeing supply chain improvements. 5. Full-year profit guidance ranges between €1.55 billion and €1.61 billion.

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FAQ

Why Bearish?

Boeing's delivery delays directly affect Ryanair's growth, which could impact BA.

How important is it?

As Boeing's primary manufacturer, Ryanair's production challenges hint at ongoing issues affecting BA.

Why Short Term?

Immediate effects due to current delivery issues could stabilize in future quarters.

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