Ryanair says 'no shortage' of travellers despite Iran war denting profit
Travelers were anxious to book their summer holidays at the onset of the war, forcing Ryanair to lower fares, which means despite increased traffic, revenue still took a hit, John Strickland, aviation analyst and director of JLS Consulting, explained on CNBC's "Squawk Box Europe" on Monday. "We've [got] over 715,000 people flying with us today," Ryanair's CFO Neil Sorahan said on CNBC's "Squawk Box" on Monday. They're just booking that little bit closer in."I think there was some hesitancy back early in the first quarter, where there were some concerns around fuel supply.
- ▪Travelers were anxious to book their summer holidays at the onset of the war, forcing Ryanair to lower fares, which means despite increased traffic, revenue still took a hit, John Strickland, aviation analyst and director of JLS Consulting,
- ▪"We've [got] over 715,000 people flying with us today," Ryanair's CFO Neil Sorahan said on CNBC's "Squawk Box" on Monday.
- ▪They're just booking that little bit closer in."I think there was some hesitancy back early in the first quarter, where there were some concerns around fuel supply.
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Travelers were anxious to book their summer holidays at the onset of the war, forcing Ryanair to lower fares, which means despite increased traffic, revenue still took a hit, John Strickland, aviation analyst and director of JLS Consulting, explained on CNBC's "Squawk Box Europe" on Monday. "We've [got] over 715,000 people flying with us today," Ryanair's CFO Neil Sorahan said on CNBC's "Squawk Box" on Monday. "No shortage of bookings. No shortage of people traveling. They're just booking that little bit closer in."I think there was some hesitancy back early in the first quarter, where there were some concerns around fuel supply. We all know that's not an issue. Lots and lots of fuel to get people out and back home again.
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