If further evidence was needed that Ryanair has to change quickly, it came with the low-cost carrier’s third-quarter results. Without reform, the airline could soon run out of profitable growth.
Investors are twitchy after the airline issued two profit warnings in 2013. On Feb. 3 it confirmed its previously stated full-year guidance. That implies a 10-per-cent drop in profit, but Ryanair’s share price rose 7 per cent by midday in London, largely in relief that there were no new nasty surprises.