Ryanair (RYA ID) CEO says close-in booking in May and April are very strong and stronger than what the co. expected
Ryanair's CEO highlighted unexpectedly strong close-in bookings for May and April, indicating robust demand in the near term.
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Ryanair (RYA ID) CEO says close-in booking in May and April are very strong and stronger than what the co. expected
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- 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.
However, the weakening demand projection for the summer months necessitates fare adjustments, which led to a revised outlook for average fares now expected to remain flat. The easing of jet fuel supply concerns could provide stability, yet the earnings impact will hinge on fare strategies in the face of potential seasonal demand dips.
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