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Ryanair operating profit down 22% in 1QFY2013, maintains FY2013 profit guidance

31-Jul-2012 1:50 PM

Ryanair revenue up 11% – financial highlights for three months ended 30-Jun-2012:

  • Revenue: EUR1284 million, +11% year-on-year;
    • Ancillary: EUR285.9 million, +15.4%;
  • Operating costs: EUR1152 million, +16.9%;
    • Fuel: EUR543.8 million, +27.5%;
    • Airport and handling charges: EUR166.3 million, +9.2%;
    • Route charges: EUR137.5 million, +3.4%;
    • Labour: EUR115.9 million, +8.0%;
  • Operating profit: EUR132.0 million, -22.3%;
  • Net profit: EUR98.8 million, -29.1%;
  • Passenger numbers: 22.5 million, +6%;
  • Load factor: 82%, -1 ppt;
  • Average fare: EUR44, +4%;
  • Operating unit cost: +10%;
  • Unit cost excl fuel: +3%;
  • Total assets: EUR9245 million, +2.7% when compared to period ended 31-Mar-2012;
  • Cash and cash equivalents: EUR2009 million, -25.8% when compared to period ended 31-Mar-2012;
  • Total liabilities: EUR6064 million, +6.5% when compared to period ended 31-Mar-2012. [more – original PR]

Ryanair: “Our outlook remains cautious for the year. We expect full year traffic to grow 4% (7% in H1, and 1% in H2 due to winter capacity cuts). We expect positive yields will continue in Q2 and anticipate smaller fuel cost increases (due to higher Q2 comparable last year and fuel saving measures we have implemented). Currently, we have no visibility of next winter’s yields but expect that continuing austerity, EU recession, and lower yields at new bases will restrain fare growth. Until we get some H2 yield visibility our guidance for FY 13 remains unchanged, in the range of EUR400m to EUR440m as previously guided.” Source: Company statement, 30-Jul-2012.