Ryanair (RYA ID) CEO says close-in booking in May and April are very strong and stronger than what the co. expected
Importance
Level 1
- Demand further out into July, August and September is a bit weaker, needs some price stimulation.
- Moving towards average fares for fiscal year to March 2027 being flat vs previous forecast for 4-5% growth
- Fuel companies have become much more confident on jet fuel supplies in the last week or two.
- Think the risk of a jet fuel supply disruption is receding.