May 20, 2024 at 01:46 am EDTBy Pierre BertrandRyanair Holdings said it would buyback shares after earnings and passengers rose in during its fiscal year. The Irish low-cost carrier said that it would buy back 700 million euros ($760.9 million) worth of shares after average fares, per passenger revenues and ancillary revenues rose. Analysts' had expected EUR13.37 billion in revenue, according Visible Alpha consensus. In January, Ryanair guided for pre-exceptional after-tax profit in the range of EUR1.85 billion to EUR1.95 billion. It added that summer demand was positive, with bookings trending ahead of last year, though added that pricing was softer than expected.

Source: Wall Street Journal May 20, 2024 05:49 UTC