Published on January 8th, 2023 | by Mark Dwyer


Ryanair Revises Full-Year Profit Guidance Following Strong Q3

Ryanair Holdings plc said this week it expects to report a stronger than expected Q3 profit after tax (PAT) of close to €200m. Q3 in the Ryanair financial year runs from 1st October to 31st December. Strong pent-up travel demand over the holiday season for the first time in 3 years, with no adverse impact from Covid or the war in Ukraine, stimulated stronger than expected peak Christmas/New Year traffic and fares according to the airline.

FY23 traffic guidance of 168m remains unchanged. Ryanair expects Q4 to be loss-making due to the absence of Easter from March, and a recent softening in UK outbound and Irish – provincial UK traffic and pricing.

As a result of these recent developments, Ryanair has raised its FY23 PAT guidance (pre-exceptionals) from a current range of €1.00bn – €1.20bn to a new range of €1.325bn – €1.425bn. This guidance remains heavily dependent upon avoiding adverse events in Q4, such as Covid or the war in Ukraine. Actual results for Q3 will be released by the Group on Monday 30th January.


About the Author

Mark is an airline pilot flying the Boeing 737 for a major European airline. In addition he is also a Type Rating Instructor, Type Rating Examiner and Base Training Captain on the B737. Outside of commercial flying Mark enjoys flying light aircraft from the smallest 3 Axis microlights up to heavier singles. He is also an instructor and EASA Examiner on single engines and a UK CAA Examiner. He flies the Chipmunk for the Irish Historic Flight Foundation (IHFF). Mark became the Chairman of the National Microlight Association of Ireland (NMAI) in 2013 and has overseen a massive growth in the organisation. In this role he has worked at local and national levels. In 2015, Mark won ‘Upcoming Aviation Professional Award’ at the Aviation Industry Awards sponsored by the IAA. Mark launched this website back in 2002 while always managing the website, he has also been Editor and Deputy Editor of FlyingInIreland Magazine from 2005 to 2015.

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