Ryanair claim to make 118m profit in Q1
Q2 has always been very good for them
Now they expect Q1+Q2+Q3+Q4 profits to be at the low end of 200m-300m assuming yeilds and load factors.
That would point to around 100m euros profits for the last 3 quarters of the year. They will already have taken in the cash for most of the peak summer flights so the cash will now be at its peak for the year. Q3 & Q4 could both be loss making but not that big. What should scare the stockmarket is what happends next year. They may have 15% more capacity again and have to cut another 15% of fares to fill the planes. Income could be flat but they need to buy 15% more fuel.