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Ryanair reports improvements in 1QFY2012, outlook remains unchanged

26-Jul-2011 1:21 PM

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.