Ryanair ‘hopeful’ of hitting 1 billion euro profit this year – CEO
2022.08.30 19:30
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FILE PHOTO: A Ryanair airplane taxis past two parked aircraft at Weeze Airport, near the German-Dutch border, during a strike of Ryanair airline crews, protesting the slow progress in negotiating a collective labour agreement in Weeze, Germany, September
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LONDON (Reuters) – Ryanair is hopeful of earning an after-tax profit of more than 1 billion euros this year, a return to pre-COVID profitability, but it is not certain, Group Chief Executive Michael O’Leary told Reuters in an interview on Tuesday.
“Will we get back to profitability of over a billion (euros)? I’m hopeful. But again there is too much uncertainty this winter over Ukraine, and also the recession,” said O’Leary, who in late July told investors it was too soon to provide meaningful profit guidance for the year to March 31, 2023.
“Hopefully we’ll get back to profitability of over a billion but not certain. Put it this way: we are doing our best,” O’Leary said.
