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Ryanair's latest results: a mixed bag

Last Friday, Ryanair and other major airlines faced disruptions due to an IT meltdown caused by C...

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05.45 22 Jul 2024


Ryanair's latest results: a mixed bag



Share this article

05.45 22 Jul 2024


Last Friday, Ryanair and other major airlines faced disruptions due to an IT meltdown caused by Crowdstrike. The incident occurred during the busy summer season, highlighting the aviation industry's vulnerability. Ryanair's latest quarterly results showed a 46% drop in profits, despite a 10% increase in passenger traffic. The airline also reported significant declines in European air traffic control capacity, causing numerous delays and cancellations. Joe was joined by Neil Sorahan, CFO of Ryanair, to discuss the challenges ahead.


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