H1
Ryanair Half Year Profits Rise 17% To €452m
Full year
we now believe that full year Net Profit will exceed the upper end of our previous forecast range (€350m to €375m) and will now finish (subject to Q4 yields) within a range of €380m to €400m.
Even with some uncertinty over revenue in Q4 they are clearly expecting a loss in H2 and have told the city to expect full year net profits to be less than half year net profits. They are expecting to be around a €20m window and even if they were well high it would be a loss in the winter.