Central Banks Fuel New Bets on Tighter Money as Inflation Rises Globally

Reuters

Ryanair posts first quarterly profit since 2019 but sees annual loss

Ryanair on Monday reported its first quarterly profit since before COVID-19, but downgraded its annual forecast to a loss of up to 200 million euros ($231 million) on plans to sell discounted tickets over the winter and higher fuel costs. Europe’s largest budget airline, which operated more flights this summer than any European rival, posted a profit of 225 million euros for the three months to the end of September, marking its first quarterly profit since October-December 2019. “There is no doubt that the remainder of the fiscal year will be challenging, the winter will be tough,” Group Chief Executive Michael O’Leary said in a video presentation.

Source: https://finance.yahoo.com/m/397a3dbd-bbee-34a1-8c89-b18da275ece2/central-banks-fuel-new-bets.html