Citi analyst Charles Armitage said the results were “very strong” in a Monday note, highlighting the airline’s “slightly better commentary on fares” in the full year.<\/p>\n
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Ryanair share price.<\/p>\n
European markets open mixed<\/p>\n
European stock markets moved cautiously higher in early deals, with France’s CAC 40<\/a> and Germany’s DAX<\/a> both up around 0.1%. The regional Stoxx 600<\/a> index had nevertheless already pared gains to trade at the flatline by 8:10 a.m. in London.<\/p>\n Autos stocks are down 0.6%, with Stellantis<\/a> down 2.7% after announcing it\u00a0expects a net loss of 2.3 billion euros ($2.68 billion) in the first half of the year due to pre-tax net charges and the early effects of U.S. tariffs.<\/p>\n Jeep maker Stellantis expects first-half net loss of $2.7 billion as tariffs bite<\/a>BP picks Albert Manifold as new chair<\/p>\n British oil major BP<\/a> on Monday announced Albert Manifold as its new chair, succeeding Helge Lund.<\/p>\n The London-listed company, which remains firmly in the spotlight as a prime takeover target, said Manifold will join the board on Sept. 1 and take over as chair from Oct. 1.<\/p>\n Manifold previously worked as CEO of CRH, the world’s largest building materials company, for 11 years through to the end of last year.<\/p>\n \u2014 Sam Meredith<\/p>\n Ryanair first-quarter profits soar as fares boosted by Easter timing<\/p>\n Passengers board an aircraft, operated by Ryanair Holdings, on the tarmac at London Stansted Airport, in Stansted, U.K., on Nov. 6, 2023.<\/p>\n Chris Ratcliffe | Bloomberg | Getty Images<\/p>\n Low-cost airline Ryanair boosted profit after tax to 820 million euros ($954 million) from 360 million euros in its fiscal first quarter, helped by timing of the Easter holiday and a slightly better-than-expected price environment, the carrier reported Monday<\/a>.<\/p>\n Revenue rose 20% year on year to 4.34 billion euros, as ancillary revenue \u2014 fees derived from flight add-ons such as seat selection, food and drink and additional baggage \u2014 increased 7% to 1.39 billion euros.<\/p>\n Ryanair’s growth strategy has been stymied in recent years by ongoing delays in its large delivery of new Boeing<\/a> 737 Max aircraft, amid strikes<\/a> and safety concerns<\/a> at the U.S. manufacturer. Ryanair CEO Michael O’Leary in May threatened to cancel<\/a> his order for the aircraft if the tariff war between the U.S. and European Union<\/a> leads to higher prices.<\/p>\n The airline said Monday it expected certification of the Max-10 variant in late 2025 and was planning for its first 15 deliveries in spring 2027, with a total 300 deliveries by March 2034. O’Leary meanwhile told an analyst call Monday there was “cautious optimism” that commercial aircraft may get a tariff exemption, and that the airline had agreed a “fixed purchase price” with Boeing and so did not expect to take a hit from the duties, according to a transcript.<\/p>\n It reiterated guidance for full-year traffic growth of 3% and said it was too early to provide firm profit guidance, but that it “cautiously” expected “reasonable net profit growth” as it recovers almost all of the prior fiscal year’s fare decline.<\/p>\n \u2014 Jenni Reid<\/p>\n CNBC Pro: Bitcoin is expected to rally further. Here\u2019s how the pros are investing<\/p>\n Bitcoin<\/a> extended its gains Monday, after coming off an eventful week.<\/p>\n As of 12.16 p.m. Singapore time (12.15 a.m. ET), the cryptocurrency had gained 0.21% against the greenback to $118,368.56.<\/p>\n Stock Chart IconStock chart icon Bitcoin prices<\/p>\n Market watchers\u00a0CNBC Pro<\/a>\u00a0spoke to remained bullish on bitcoin and saw potential for the cryptocurrency to climb even further in the rest of the year.<\/p>\n CNBC Pro subscribers can read the full story\u00a0here<\/a>.<\/p>\n \u2014 Amala Balakrishner<\/p>\n Here are the opening calls<\/p>\n Waterloo Bridge, in front of St. Paul’s Cathedral, on March 24, 2025, in London, United Kingdom.<\/p>\n John Keeble | Getty Images News | Getty Images<\/p>\n Good morning from London, and welcome to CNBC’s live blog covering all the action and business news in European financial markets on Monday.<\/p>\n Futures data from IG suggest a negative start to the new trading week for European bourses, with London’s\u00a0FTSE 100<\/a> seen opening 0.1% lower, France’s CAC 40<\/a> down 0.3%, Germany’s\u00a0DAX<\/a> down 0.4%, and Italy’s\u00a0FTSE MIB<\/a> 0.35% lower.<\/p>\n European markets have been on tenterhooks since U.S. President Donald Trump announced earlier in July that he would impose a 30% tariff on goods imported from the EU starting Aug. 1. The EU has said it hopes to strike a trade deal before then but an agreement remains elusive.<\/p>\n<\/p>\n