ryanair: Risultati terzo trimeste

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Ryanair Beats Recession As Traffic Grows 13%

Q3 LOSS OF €102M AS FUEL COSTS SOAR BY 71%

Ryanair, Europe’s largest low fare airlines today, (2 Feb) announced a Q3 loss of €102m, (compared to a profit of €35m in last year’s Q.3). Average fares fell by 9% to €34, while fuel costs rose by 71% to €328m. Revenues rose by 6% to €604.5m, as traffic grew 13% to 14m, as more consumers switch to Ryanair’s low fares from high fare competitors.

Il comunicato ufficiale lo trovate QUI

Tra le cose importanti riporto la scelta di non fare hedging sul petrolio per il quarto trimestre:

Our decision not to hedge Q.4 oil prices has been vindicated by their continuing decline and we will benefit from much lower oil costs in Q.4 of approx. $500 per tonne. Some of this cost advantage will be diluted by weaker yields, which are the result of our aggressive price promotions, the decline in Sterling and the impact of the recession which is making consumers much more price sensitive.

e la continua crescita dei ricavi extra:

“Ancillary revenues grew by 19% to €132m, and now account for 22% of revenues (19% last year). We expect our onboard mobile telephony service to become operational at the end of February on 20 Dublin based aircraft, and this trial, which will last for 6 months should be extended to some 40 aircraft by the end of the summer. We expect initial revenues to be small, but believe that in-flight communication will be a strong source of ancillary revenue growth in future years.

 

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Ryanair: Chiude 3* Trim. Con Perdite Di 102 Mln, Pesa Prezzo Carburante

(ASCA) - Roma, 2 feb - Ryanair (Dublino: RY4.IR - notizie) ha chiuso il terzo trimestre con una perdita di 102 milioni, contro un utile di 35 milioni di euro nello stesso periodo dello scorso anno. La compagnia low-cost irlandese ha affermato che ''i risultati sono deludenti, ma in linea con le aspettative e quasi interamente attribuibili a rialzo del prezzo del carburante''. Nel periodo, infatti, a fronte di un rialzo medio delle tariffe del 9%, il prezzo del carburante e' salito del 71%, a 328 milioni di euro. I ricavi sono aumentati del 6%, a 604,5 milioni, mentre il traffico passeggeri e' salito del 13$, a 14 milioni.

 

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Da poco è stato pubblicato lo stesso di U2, riportato quinel forum. Con dei ricavi nel Q3 di £550m quindi praticamente la stessa cosa di FR se non di più. Ciò nonostante non hanno indicato se sono in profit o loss. A qualcuno risulta tale dato?

Direi importante anche questo punto: "so we are upgrading our full year 2008/09 guidance from break even to a net profit after tax in a range of €50m to €80m"

 

[malpensante]

Surge in fuel costs pushes Ryanair into loss

By Kevin Done, Aerospace Correspondent
Published: February 2 2009 09:31 | Last updated: February 2 2009 12:33


Ryanair, Europe’s largest low-cost airline, fell heavily into loss in the three months from October to December largely due a surge in its fuel costs.
It forecast on Monday a return to significant profit in the next financial year to March 2010, however, due to the steep fall in the oil price in recent months and despite a sharp drop in average fares. Ryanair shares rose by 4.8 per cent in afternoon Dublin trading to €3.01.
Michael O’Leary, Ryanair chief executive, said lower fuel costs meant its current fourth quarter loss would be lower than expected, despite a 20 per cent drop in average fares. It raised its forecast for the full year to March from previous guidance for a break-even result to a net profit of €50m-€80m (£72m) before one-off charges.
It will still incur a heavy net loss this year, however, including exceptional items such as the big write-down on the value of its 29.8 per cent stake in bid target Aer Lingus.
Mr O’Leary said Ryanair would return to “substantial profitability” in the coming financial year to March 2010 thanks to the lower oil price and despite a forecast 10 per cent drop in fares.
The Irish airline was “poised for substantial traffic and profit growth” in the coming year, as the recession forced “millions of passengers to focus on price,” said Mr O’Leary.
The group, which has recently been thwarted for a second time in a hostile bid for Aer Lingus, its smaller local rival, has chosen to drive down fares in order to try to fill seats in its still growing fleet and to capture market share as many other airlines retrench in the face of the deepening recession.
It reported a €128.7m pre-tax loss for the third quarter, including exceptional charges of €17.3m, a big reverse from a pre-tax profit of €50.5m in the same period a year ago.
Excluding exceptional costs of €17.3m on 15 older aircraft to be disposed of in 2008-09 and 2009-10, adjusted net profit fell from €35m a year ago to a loss of €101.5m in the third quarter.
Average fares fell by 9 per cent to €34m as a result of long series of discounted seat sales, while fuel costs rose by 71 per cent to €328m. Ryanair was hit hard by having hedged its fuel requirements for the quarter at levels well above the prevailing oil price in the quarter.
Mr O’Leary said the third quarter loss was “disappointing but in line with expectations” and was largely due to the €136m rise in fuel costs.
It said “the general economic environment remains extremely difficult, as the recession saps consumer confidence.” The downturn was helping the group to expand its traffic, however, as it benefited from its position as the lowest fare and lowest cost short-haul carrier in Europe.
Passenger numbers in the quarter rose by 13 per cent from 12.4m to 14m, while turnover increased by 6 per cent from €569.4m to €604.5m.
The group is gaining an increasing share of its turnover from ancillary revenues – including areas such as commission earnings on hotel, car hire and travel insurance bookings – which accounted for 22 per cent of sales in the quarter, up from 19 per cent a year ago. Ancillary revenues rose by 19 per cent to €132m.
Ryanair said it planned to launch inflight use of mobile phones at the end of February on 20 Dublin-based aircraft and the six-month trial should be extended to around 40 aircraft by the end of the summer.
Initial revenues would be small, but it expected inflight communications to become a “strong source” of growth in ancillary revenues in coming years.
Ryanair expected its financial performance in the current final quarter and next year would benefit greatly from the recent falls in jet fuel prices.
It had hedged 75 per cent of its fuel requirements for April to September and 50 per cent from October to December at an average price of $650 a tonne, which was 38 per cent lower than the average $1,050 per tonne paid in the current year.
If its average cost for the coming year finished at $650 per tonne, it would reduce its fuel bill by approximately €500m.
It reduced its non-fuel costs by three per cent on a per passenger basis in the third quarter thanks to improvements in unit costs for staff, airport and handling charges.
It said falling passenger numbers at many European airports, as rival carriers retrenched, were creating “enormous opportunities” for the group. Airports were being forced to compete to lower charges in order to attract further growth in services.
After mounting two unsuccessful takeover bids for Aer Lingus in two years the group said it was “doubtful” it would “waste any further management time or resources making another offer.” It listed its 29.8 per cent holding under “available for sale financial assets.”
Mr O’Leary said the rejection of its offer by the Irish government, which owns a 25 per cent stake in the airline, had condemned Aer Lingus “to a bleak future as a loss making, subscale, regional airline, which has a high cost base and declining traffic numbers.” He forecast it would report substantial losses for both 2008 and 2009.
Ryanair’s results for the first nine months have already been hit by a €93.6m impairment charge for the fall in the value of its Aer Lingus stake and it warned it could be hit by a further impairment charge of €63.3m in the current quarter, if the Aer Lingus share price remained at the present level.

Copyright The Financial Times Limited 2009