Lastminute.com to Offer Ryanair Flights to Customers
By Pierre Bertrand
Online travel agency Lastminute.com signed a three-year agreement with Ryanair to offer the low-cost airline's flights to customers, the companies said.
The Switzerland-listed company said the deal was its first commercial agreement with Ryanair.
It comes after what the company said was a weaker-than-expected first half.
"The positive impact of the Ryanair agreement will start in [the second half of 2024], but the full benefits will be apparent in 2025 as the implementation of the agreement requires multiple technical integrations," Lastminute.com said.
The agreement boosts the outlook for its midterm strategic plan, cutting legal and operational costs.
Revenue for 2024 is expected in line with last year's, while adjusted earnings before interest, taxes, depreciation and amortization is expected to grow, driven by more profitable holiday packages.
The company reported 317.1 million euros ($342.9 million) in revenue and EUR39.7 million in adjusted Ebitda in 2023.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
July 05, 2024 03:38 ET (07:38 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
August PCE Report Forecasts Show More Good News on Inflation
-
AI Stocks May Be Down, but Don’t Count Them Out
-
4 Stocks to Buy as the Fed Cuts Interest Rates
-
Markets Brief: The Uncertain Path to Neutral Interest Rates
-
What’s Happening in the Markets This Week
-
Where Top Stock Fund Managers Are Looking Next After the Fed Rate Cut
-
Our Top Pick for Investing in US Renewable Energy
-
Undervalued by 25% and Yielding 5%, This Stock Is a Buy
-
Can AI Predict Future Stock Returns?
-
The Best Energy Stocks to Buy Now
-
10 Undervalued Wide-Moat Stocks
-
Obesity Drugs: Can New Firms Take Market Share From Eli Lilly and Novo Nordisk?
-
New 4-Star Stocks
-
Intel Fair Value Left Unchanged Despite Qualcomm Takeover Talk