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/Y to €360 million. In USD terms, Ryanair’s first-quarter EPS stood at $1.69, missing the consensus of $2.86, and sales of $3.904 billion came below the consensus of $4.260 billion. Operating costs increased 11% Y/Y to €3.26 billion as fuel hedge ...