Ryanair: sharp fall in quarterly profits
(CercleFinance.com) - Ryanair has reported after-tax profits of E360m for Q1 2025, down 46% y-o-y.
The company's sales fell by 1% to E3.63bn, despite a 10% increase in passenger numbers (55.5 million passengers carried with an average load factor of 94%, down 1 pt).
In particular, Ryanair faced an 11% rise in operating costs, to E3.26bn, while the average fare for booked tickets has fallen by 15%, from E49.07 to E41.93.
The company expects traffic for FY25 to grow by 8% (198m to E200m passengers), subject to successful delivery of the Boeing aircraft ordered (the aircraft manufacturer is experiencing delays). Ryanair also expects a slight increase in unit costs this year.
Finally, Ryanair says that it is too early to provide earnings estimates for FY25, but that this should be done at the end of H1, in November.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The company's sales fell by 1% to E3.63bn, despite a 10% increase in passenger numbers (55.5 million passengers carried with an average load factor of 94%, down 1 pt).
In particular, Ryanair faced an 11% rise in operating costs, to E3.26bn, while the average fare for booked tickets has fallen by 15%, from E49.07 to E41.93.
The company expects traffic for FY25 to grow by 8% (198m to E200m passengers), subject to successful delivery of the Boeing aircraft ordered (the aircraft manufacturer is experiencing delays). Ryanair also expects a slight increase in unit costs this year.
Finally, Ryanair says that it is too early to provide earnings estimates for FY25, but that this should be done at the end of H1, in November.
Copyright (c) 2024 CercleFinance.com. All rights reserved.