Ryanair beats consensus by narrowing losses, sees profitability in 2023
Ryanair Holdings PLC said on Monday that its net loss for the fourth quarter narrowed as higher revenue beat consensus estimates, and that it expects to return to profitability in fiscal 2023.
The company said that although there was pent-up demand and that it was optimistic that peak fares in summer 2022 will be higher than in the same period in 2019, it wasn't able to provide profit guidance for the year due to the risk stemming from the pandemic and the war in Ukraine.
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