Budget airline Ryanair cuts passenger traffic goal again on Boeing delays

Financial Performance - Ryanair reported a stronger-than-expected after-tax profit of 149 million euros ($155 8 million) for the fiscal third quarter ending December 2024, significantly surpassing the anticipated 60 million euros [2] - The company attributed the higher profit to marginally increased fares driven by stronger Christmas and New Year bookings [2] Passenger Traffic - Ryanair's passenger traffic grew by 9% to 45 million passengers in the fiscal third quarter despite prolonged Boeing delivery delays [2] - The company revised its full-year passenger traffic target for the fiscal year ending March 2026 downward to 206 million passengers from an earlier target of 210 million due to insufficient aircraft deliveries from Boeing [3] - This follows a previous revision in November 2024, where the target was reduced from 215 million passengers [3] Boeing Delivery Delays - Ryanair cited ongoing delays in Boeing's 737 production, which is recovering from a strike in late 2024, as a key factor impacting its ability to meet its original passenger traffic growth targets [3]