the firm

Teamasters Cup for Ireland
Food & Bev Live, one of Ireland’s leading foodservice and hospitality tradeshows, has partnered ...

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Awards for Foodservice Suppliers
Organised by the industry for the industry, Food & Bev Live returns to the Citywest Dublin on th...

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'Food Service Must Cut Waste' says Mahony
The Food service industry must play its part in reducing food waste,  Noel Mahony, chief execut...

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Hotels dump food worth €180m.
 The EPA released a research report last week – “Reducing Commercial Food Waste in Ireland”alon...

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Teamasters Cup for Ireland
Awards for Foodservice Suppliers
'Food Service Must Cut Waste' says Mahony ...
Hotels dump food worth €180m.

Happy New Year for Ryanair

Ryanair has raised its full-year profit after tax guidance to between €950m - €1bn, following a “stronger than expected Christmas and New Year travel period.”ryanair1217
It expects to finish close to the mid-point of this new range.
The aviation giant had previously said it expects to report profit after tax of €800m - €900m for the year.
Forward bookings for the period January to April are running 1pc ahead of this time last year, and Ryanair believes this will result in “slightly better” than expected average fares in its fourth quarter, it said in a statement.
Meanwhile, full year group traffic will grow to 154million passengers. It had previously guided at 153 million.

 

However, Ryanair said its Austrian subsidiary, Laudamotion, continues to underperform with average fares over Christmas lower than expected, despite strong traffic growth and high load factors. 
This is a direct result of intense price competition with Lufthansa subsidiaries in both Germany and Austria who, Ryanair said, “are engaged in below cost selling”. 
 
Lauda now expects to carry 6.5million passengers in the year to March 2020 but at average fares that are €15 below budget, with the result that Lauda's net loss for the year will widen from under €80m to approximately €90m.
 

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