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Ryanair remains profitable and maintains full year profit target; profits hit by ash cloud in 1Q2011

21-Jul-2010

Ryanair remained profitable in the three months ended Jun-2010 (1QFY2011) reporting a quarterly profit that exceeded analysts’ estimates, with the carrier also forecasting that fares may rise by as much as 15% in the current period (after increasing 5% in the Jun-2010 quarter). [2333 words]

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Subheadings:

  • Volcanic ash crisis hurts
  • Relentless cost discipline bears results; cost focus to continue
  • Revenues up 16% exceeding 8% pax increase 
  • Ancillaries up by 23% and hovering at around 23% of total revenues; average fares up 5%
  • "The strongest balance sheet in Europe"
  • Proposes EUR500 million dividend  
  • Economies of scale – 43 bases, 1,110+ routes and 250 aircraft and growing
  • Ryanair rants: Complaining about…. Tourist taxes and airspace closures
  • Profits, yields and pax expected to grow in FY2011

Graphs and data:

  • Ryanair financial highlights for 12 months ended Mar-2010
  • Ryanair operating profit margin and net profit margin: FY2006 to 1QFY2011
  • Ryanair passenger numbers and passenger load factor: FY2005 to FY2010
  • Fuel costs as a percentage of total operating expenses: 1Q2005 to 1Q2011
  • Ryanair operating expense breakdown
  • Ryanair fuel hedges for FY2010 and FY2011: as at Jun-2010
  • Ryanair revenue growth and pax numbers growth: FY2005 to 1QFY2011
  • Ryanair ancillary revenue as a portion of total revenue: 1Q2005 to 1Q2011
  • Ryanair fleet plans: FY2007 to FY2013
  • Ryanair passenger numbers and passenger growth: FY2007 to FY2013F
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