RYANAIR HALF YEAR PROFITS RISE 20% TO €544m
TRAFFIC GROWS 12% - FULL YEAR GUIDANCE RAISED 10% TO €440m.
Ryanair, the world’s favourite airline today (Nov 7) announced a 20% increase in half
year profits to €544m. Revenues rose 24% to €2.7bn, traffic grew 12% and ave. fares
increased 13%. Unit costs rose 13% due mainly to longer sectors and a 37% increase in
fuel costs. Excluding fuel, sector length adjusted unit costs did not increase at all.
Ryanair’s CEO, Michael O’Leary, said:
“We are pleased to report a 20% increase in the half year net profits to €544m. This
is a testament to the strength of Ryanair’s lowest fare/lowest cost model which
delivered robust traffic and profit growth despite, significantly higher oil prices, and
an economic downturn in Europe. The 13% rise in ave. fares (which includes optional
baggage fees) is due to slower growth, a better mix of new routes and bases, as well
as rising competitor fares/fuel surcharges.
Ancillary sales rose 15% to €487m, slightly faster than traffic growth. We extended
our reserved seating trial from 40 to 80 routes, and if successful we will extend it to
more routes in our network. We also launched the Ryanair “Cash Passport”
Mastercard prepaid card in the UK and Italy, and we intend to roll it out across the
network over the coming months, to provide passengers with a no cost prepaid card
for use on Ryanair.com (to avoid our optional admin. fees) and many other retailers.
New routes and bases continue to perform well. Our 45th base in Manchester opened
last week. Our 46th (Wroclaw - Poland) and 47th (Baden Baden - Germany) bases will
start in March 2012. We also plan to open our 48th base at Warsaw (Modlin) as soon as
our current negotiations with the airport have been concluded. The recession and
higher oil prices continues to force competitors to consolidate, and cut capacity and
routes, which creates further growth opportunities for Ryanair as European airports
compete aggressively to win our route and traffic growth.
http://www.ryanair.com/doc/investor/2012/q2_2012_doc.pdf
TRAFFIC GROWS 12% - FULL YEAR GUIDANCE RAISED 10% TO €440m.
Ryanair, the world’s favourite airline today (Nov 7) announced a 20% increase in half
year profits to €544m. Revenues rose 24% to €2.7bn, traffic grew 12% and ave. fares
increased 13%. Unit costs rose 13% due mainly to longer sectors and a 37% increase in
fuel costs. Excluding fuel, sector length adjusted unit costs did not increase at all.
Ryanair’s CEO, Michael O’Leary, said:
“We are pleased to report a 20% increase in the half year net profits to €544m. This
is a testament to the strength of Ryanair’s lowest fare/lowest cost model which
delivered robust traffic and profit growth despite, significantly higher oil prices, and
an economic downturn in Europe. The 13% rise in ave. fares (which includes optional
baggage fees) is due to slower growth, a better mix of new routes and bases, as well
as rising competitor fares/fuel surcharges.
Ancillary sales rose 15% to €487m, slightly faster than traffic growth. We extended
our reserved seating trial from 40 to 80 routes, and if successful we will extend it to
more routes in our network. We also launched the Ryanair “Cash Passport”
Mastercard prepaid card in the UK and Italy, and we intend to roll it out across the
network over the coming months, to provide passengers with a no cost prepaid card
for use on Ryanair.com (to avoid our optional admin. fees) and many other retailers.
New routes and bases continue to perform well. Our 45th base in Manchester opened
last week. Our 46th (Wroclaw - Poland) and 47th (Baden Baden - Germany) bases will
start in March 2012. We also plan to open our 48th base at Warsaw (Modlin) as soon as
our current negotiations with the airport have been concluded. The recession and
higher oil prices continues to force competitors to consolidate, and cut capacity and
routes, which creates further growth opportunities for Ryanair as European airports
compete aggressively to win our route and traffic growth.
http://www.ryanair.com/doc/investor/2012/q2_2012_doc.pdf
