Ryanair's latest results: a mixed bag

An episode of the Breakfast Business with Joe Lynam podcast, hosted by Newstalk, titled "Ryanair's latest results: a mixed bag" was published on July 22, 2024 and runs 8 minutes.

July 22, 2024 ·8m · Breakfast Business with Joe Lynam

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Episode Description

Last Friday, Ryanair and other major airlines faced disruptions due to an IT meltdown caused by Crowdstrike. The incident occurred during the busy summer season, highlighting the aviation industry's vulnerability. Ryanair's latest quarterly results showed a 46% drop in profits, despite a 10% increase in passenger traffic. The airline also reported significant declines in European air traffic control capacity, causing numerous delays and cancellations. Joe was joined by Neil Sorahan, CFO of Ryanair, to discuss the challenges ahead.

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