India, July 20 -- Shares of Ryanair Holdings Plc were losing around 7 percent in Ireland, after the Irish low-cost airline reported Monday lower profit in its first quarter of fiscal 2027 with higher operating expenses, despite slightly higher revenues.
Looking ahead for fiscal 2027, the company said traffic remains on track to grow 4 percent to 216 million passengers, with a fleet of 647 aircraft. The gexpected growth is 6% for the first half and 2% for the second half.
Further, the company projects sustainable, profitable growth to over 300 million passengers per annum by fiscal 2034.
In Ireland, Ryanair shares were losing around 7.13 percent, trading at 24.11 euros.
Ryanair CEO Michael O'Leary, said, "The final FY27 PAT remains highl...