0824 GMT - Although Ryanair's 2Q average fares fell, it maintained its pricing strategy, Davy Research analysts Stephen Furlong and Ava Costello say in a note. The low-cost carrier has agreed on 14 deals with around 90% of online travel agents, and this could lead to positive momentum into summer 2025, the analysts say. The airline expects full-year costs to be broadly flat as fuel savings, strong interest income and modest aircraft-delay compensation from Boeing will largely offset ex-fuel cost inflation, the analysts say. Davy leaves its net profit estimates of around 1.6 billion euros for FY 2025 and 1.9 billion euros for FY 2026 largely unchanged. Shares are down 3.05% at 17.47 euros. (anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
November 04, 2024 03:24 ET (08:24 GMT)
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