Ryanairs Hot Potato Share Price

On Tuesday it was announced that Ryanairs share price plunged by 9% following its most recent trading update. The shares are now trading at €9.00, down from €9.90 not only a 9% drop that day, but over the last three months the share price has fallen by 31%.
If you had invested £1,000 three months ago, you would have lost around £310. Ryanair warned that it will have to cut capacity by up to 20% over the winter, due to a drop in demand.
This is because the cost of living crisis is affecting people's travel plans, and they are choosing to stay at home instead. The airline also said that it expects to make a loss in the first half of the year. This is the first time that Ryanair has made a loss in the first half of the year since 2014.
Ryanair was forced to ground 20% or more of its fleet over the winter because of staff shortages. During the summer, Ryanair was forced to cancel thousands of flights due to chaos and strikes. This led to many people vowing never to fly with the airline again.
The airline is also facing competition from other low-cost carriers. Including EasyJet, and Vueling. EasyJet shares have risen 3% in the last three months while Vueling has seen a 10% rise. Ryanair CEO Michael O'Leary said that the airline is "doing everything we can to reduce costs."
The airline has already announced plans to cut 1,000 jobs, and it is also planning to close some of its bases. O'Leary said that the airline is "in a very strong financial position." But he also warned that the airline will have to "take tough decisions" in order to survive.

What does this mean for Ryanair passengers?

The airline has already announced that it will be raising fares in order to cover the cost of its losses. It is also likely that Ryanair will continue to cut flights. This could make it more difficult to get flights at your desired time and destination.
Ryanair is a popular airline with many loyal customers. However, the airline is facing a number of challenges at the moment. If you are planning to fly with Ryanair, it is important to be aware of the risks involved.