26-Jul-2011 1:21 PM
Ryanair reports improvements in 1QFY2012, outlook remains unchanged
Ryanair revenue up 29% - financial highlights for the three months ended 30-Jun-2011:
- Revenue: EUR1155 million, +29% year-on-year;
- Ancillary: EUR248 million, +22%;
- Operating costs: 985.5 million, +27.0%;
- Fuel: EUR427 million, +49%;
- Airport and handling charges: EUR152.3 million, +30.1%;
- Route charges: EUR133 million, +33.4%;
- Labour: EUR107.3 million, +14.9%;
- Operating profit from continuing operations: EUR169.9 million, +40.3%;
- Net profit: EUR139.3 million, +18.7%;
- Passenger numbers: 21.3 million, +18%;
- Load factor: 83%, stable;
- Average fare: EUR43, +11%;
- Revenue per passenger: EUR54, +9%;
- Total assets: EUR8648 million, +0.6% when compared with the period ended 31-Mar-2011;
- Cash and cash equivalents: EUR1125 million, -44.5% when compared with the period ended 31-Mar-2011;
- Total liabilities: EUR+195749 million, +1.9% when compared with the period ended 31-Mar-2011;
- FY2012 forecast:
- Passenger traffic: +4%;
- Average fares: +12%;
- Yield: +12% to +15%;
- Operating costs per passenger: +13%;
- Profit after tax: EUR400 million. [more]
Rynair: "Our outlook for the remainder of the year remains unchanged. We anticipate traffic in FY12 will grow by 4% comprising 10% growth in H1, and then fall by approx. 4% in H2 due to already announced winter capacity cuts," Company statement. Source: Ryanair, 25-Jul-2011.