Ryanair Stock Rises on Strong Q4 Earnings Amid Rising Fuel Costs
Shares of Ryanair Holdings (NASDAQ: RYAAY) surged 8.4% following impressive fourth-quarter earnings despite rising jet fuel costs and declining airline estimates from Wall Street analysts. The company reported a 11% revenue increase, a 6% rise in adjusted operating costs, but a significant 40% jump in profit after tax.
Topics: airlines fuel costs load factor profit growth