Ryanair Shares Fall on Lower Profits

Budget airline reported a fall in profits for the full year, underlining the current woes of the travel and tourism sector

James Gard 20 May, 2019 | 10:40AM

Ryanair

The recent difficulties of the listed travel sector were laid bare today by budget airline Ryanair (RYA) as it reported a 41% drop in annual pre-tax profits to €948 million. Shares in the London-listed airline, which blamed higher fuel and staff costs for fall, shed more than 5% in early trading.

The company’s shares were trading above €15 a year ago but are now changing hands just above €10.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Baillie Gifford European B Acc2,518.07 GBP-0.51
easyJet PLC1,492.00 GBP0.00
Ryanair Holdings PLC15.30 EUR0.00

About Author

James Gard  is content editor for Morningstar.co.uk

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