UPDATE 3-Lufthansa's M&A appetite curbs quarterly profit growth [Reuters]
Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares (RYAAY)
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Source: Reuters
Eurowings expansion weighs down Lufthansa profit | Reuters Reuters Staff 3 Min Read BERLIN (Reuters) - Costs to expand its Eurowings budget carrier held back profit growth at German airline Lufthansa ( LHAG.DE ) in the first three months of the year and the group cut its forecast for 2018 capacity growth. Lufthansa has been at the forefront of wave of consolidation among Europe’s airlines, taking over Brussels Airlines and parts of insolvent Air Berlin last year. It has also submitted a bid for ailing Italian carrier Alitalia. While the collapse of Air Berlin has driven more passengers to its brands, Lufthansa said on Thursday one-off costs from integrating its former competitor had pushed Eurowings to an adjusted loss of 203 million euros ($247 million). One-off expenses at Eurowings will continue to weigh in coming months, it added. The Eurowings costs acted as a drag on Lufthansa’s adjusted earnings before interest and tax (EBIT) which rose only slightly to 26 million euros, far
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News
- Ryanair (RYAAY) Upgraded to Strong Buy: Here's What You Should Know [Yahoo! Finance]Yahoo! Finance
- Ryanair faces probe in Italy over anti-competitive practices [Seeking Alpha]Seeking Alpha
- Ryanair Holdings plc (NASDAQ: RYAAY) had its price target raised by analysts at Evercore ISI from $145.00 to $155.00. They now have an "in-line" rating on the stock.MarketBeat
- Ryanair to resume flights to Israel from June [Reuters]Reuters
- Ryanair (RYAAY) Hits 52-Week High: What's Driving the Stock? [Yahoo! Finance]Yahoo! Finance
RYAAY
Analyst Actions
- 4/4/24 - Evercore ISI Group
RYAAY
Sec Filings
- 4/12/24 - Form 6-K
- 4/9/24 - Form SC
- 4/9/24 - Form 6-K
- RYAAY's page on the SEC website