Trending: Ryanair Net Profit, Revenue Rise on Higher Passenger Numbers
2023年11月6日 - 6:53PM
Dow Jones News
0922 GMT -- Ryanair Holdings is among the most mentioned
companies across news items over the past four hours, according to
Factiva data, after reporting a rise in first-half net profit and
revenue. The Irish low-cost carrier said an 11% increase in traffic
to 105.4 million passengers in the period helped net profit rise
59% to 2.18 billion euros ($2.34 billion) as revenue increased 30%
to EUR8.58 billion. Furthermore, the board said it will pay EUR400
million in dividends next February and September, and that it is
retaining the flexibility to return surplus cash to shareholders
through special dividends or share buybacks. Despite this the
airline's cash balance will continue to grow, Bernstein analysts
Alex Irving and Tobias Fromme say, adding that the company has
taken a major step toward becoming a cash return stock. "This will
likely not be the only capital return shareholders enjoy," analysts
say. Dow Jones & Co. owns Factiva.
(anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
November 06, 2023 04:38 ET (09:38 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Ryanair (NASDAQ:RYAAY)
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Ryanair (NASDAQ:RYAAY)
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