0818 GMT - It is too early for Ryanair to provide profit guidance for fiscal 2027, but its outlook points to pressure in fares and higher costs, Bernstein's Alex Irving and Antoine Madre say in a research note. The Irish budget carrier's fourth-quarter net loss was deeper than expected, as average fares rose but ancillary revenue fell and unit costs were broadly flat, the analysts say. Looking ahead, the company is keeping its traffic guidance for fiscal 2027, saying demand remains robust but passenger hesitance is reducing visibility, Bernstein says. The timing of Easter and late bookings mean fares are expected to decline for the first quarter and trend flat for the second, while fuel, environmental and maintenance and crew costs are all set to rise this year, the analysts say. Shares fall 3.3%. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

May 18, 2026 04:19 ET (08:19 GMT)

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