Ryanair’s Cautious Guidance Echoes That of Major US Carriers

Ryanair Holdings Plc slightly increased some key targets for the full fiscal year, disappointing those investors hoping for a more robust outlook and joining some major US carriers in projecting caution because of geopolitical tensions.

The Irish budget carrier is the first major European airline to report earnings, and it usually sets the tone for the regional industry. Ryanair is “cautiously guiding” for full-year profit after tax excluding exceptional items of €2.13 billion ($2.5 billion) to €2.23 billion.