Earnings reports

Shares fall on lower fares, fall in quarterly profit

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Shares fall on lower fares, fall in quarterly profit

A Ryanair passenger plane lands at Cologne/Bonn Airport. Thomas Banneyer | Picture Alliance | Getty Images Ryanair shares fell on Monday after the company said its quarterly profit after tax had fallen 46% and fares will be lower than expected in the summer months. At 1:48 p.m. London time, Ryanair shares were down 14.23%, after … Read more

Volkswagen profit drops 20% in first quarter on lower sales

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Volkswagen profit drops 20% in first quarter on lower sales

A man polishes a Volkswagen ID GTI Concept car on display at the International Motor Show (IAA) in Munich, southern Germany, on Sept. 5, 2023.  Christof Stache | Afp | Getty Images German carmaker Volkswagen on Tuesday said its operating profit dropped by 20% in the first quarter as weaker demand for its premium brands … Read more