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Ryanair Holdings plc (NASDAQ:RYAAY) shares are trading lower after the company reported first-quarter FY25 results. Revenue fell 1% Y/Y to €3.63 billion. Scheduled revenues declined 6% Y/Y to €2.33 billion, with a 15% Y/Y decrease in average fares to €41.93. Meanwhile, traffic grew 10% Y/Y to 55.5 million customers in the quarter, with a record 19.3 million passengers reported for June earlier this month. Also, Ancillary revenue rose 10% to €1.30 billion in the quarter. Net profit dipped 46% Y/Yto €360 million. In USD terms, Ryanair’s first-quarter EPS stood at $1.69, missing the consensus of …

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