0934 GMT - Ryanair might be able to reach the upper end of its full-year guidance, RBC Capital Markets analyst Ruairi Cullinane says in a research note. The low-cost airline posted a strong quarterly earnings beat on higher average ticket pricing that should lift current market views, the analyst says. Its fiscal-year end net profit guidance of 1.55 billion to 1.61 billion euros is ahead of Visible Alpha consensus of 1.53 billion euros, he says. Despite forecasting slower passenger growth, Cullinane says that modest capacity growth at Ryanair should be supportive of revenue. Shares rise 3.8% in early morning trading to 20.48 euros. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
January 27, 2025 04:34 ET (09:34 GMT)
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