Ryanair unveils record full-year profit outlook and maiden regular dividend
) surged on Monday after the low-cost carrier delivered a record annual profit forecast and outlined plans for its first-ever ordinary dividend.
It would be Ryanair's highest profit after tax ever, topping the prior record of €1.45B set in 2018. The firm cited a projected"mid teens percentage" uptick in third-quarter average fares due to expected capacity constraints in Europe this winter and the impact of engine repairs hitting competitor fleets.
However, Ryanair noted that visibility for its fourth quarter -- typically its weakest -- is"very limited." The annual guidance remains dependent on"the absence of any unforeseen adverse events between now and the end of 2024," it added. Ryanair said that it would now launch a maiden regular dividend of €400M, with payouts coming in €200M batches in February and following the group's annual meeting next September. From the 2025 fiscal year onwards, it said it would aim to pay a regular dividend of approximately 25% of prior year post-tax earnings, adjusted for"non-recurring gains or losses."
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