Ryanair Sees Summer Fares Lower Than Expected, Reuters Says [BNN Bloomberg (Canada)]
RTX Corporation (RTX)
Company Research
Source: BNN Bloomberg
Fares during the peak travel season will likely be flat to up 5% at most, Reuters reported, citing Ryanair Chief Executive Officer Michael O'Leary. He previously said the airline was doing its budgets based on a pricing increase of between 5% and 10%, Reuters said. Ryanair fell as much as 6.4%, with rivals EasyJet Plc and Wizz Air Holdings Plc falling about 5.5% and 2%, respectively. Read More: Ryanair CEO Urges Leadership Continuity at Boeing In Crisis (1) O'Leary told reporters the lower-than-expected pricing was “surprising” as some Airbus SE fleet remain grounded for maintenance of Pratt & Whitney engine issues. The Irish carrier is facing aircraft delivery delays with Boeing Co. jets this year, forcing it to reduce its annual passenger forecast and cut flight frequencies. ©2024 Bloomberg L.P. Top Picks
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RTX
Earnings
- 4/23/24 - Beat
RTX
Sec Filings
- 5/14/24 - Form 4
- 5/10/24 - Form 144
- 5/6/24 - Form 4
- RTX's page on the SEC website