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

07-05-24 0338ET