Ryanair operating profit up 25% in 1QFY2016, expects FY profit to be in higher end of guidance

Ryanair revenue up 10% - financial highlights for three months ended 30-Jun-2015:

• Total operating revenue: EUR1653 million, +10% year-on-year;
• • Ancillary: EUR404.6 million, +9.1%;
• Total operating costs: EUR1364 million, +7.9%;
• • Fuel: EUR560.0 million, -0.7%;
  • Airport and handling charges: EUR231.7 million, +18.8%;
  • Route charges: EUR171.9 million, +11.3%;
  • Staff costs: EUR151.8 million, +14.4%;
• Operating profit: EUR288.4 million, +24.4%;
• Net profit: EUR245.1 million, +24.5%;
• Passenger numbers: 28.0 million, +16%;
• Load factor: 92%, +6 ppts;
• Average fare: EUR45, -4%;
• Total assets: EUR12,055 million;
• Cash and cash equivalents: EUR1185 million;
• Total liabilities: EUR8060 million. [more - original PR]

Ryanair: "We think it is too early in the year to alter our full year profit guidance, although the slightly better H1 yields will push it towards the upper end of our previously guided range of EUR940m to EUR970m net profit." Source: Company statement, 27-Jul-2015.