Ryanair’s profits to gain altitude amid recession
Ryanair Chief Executive, Michael O'Leary, has confirmed he remains “comfortable” with analyst estimates of a EUR60-80 million profit for the 12 months ended 31-Mar-09 (with the results to be released at the beginning of June). Mr O’Leary earlier forecast the carrier’s profits will “jump substantially” over the next 12 months – a comment that has put considerable support under the airline’s share price lately. [2041 words]
Unlock the following content in this report:
- April-09 passengers numbers and seat factors up - as expected
- New routes and service growth
- Expansive new aircraft orders to be pursued, when the price is right...
- ...but no long-haul, yet
- Aer Lingus shareholding weighs on Ryanair
- Criticism continues for Dublin Airport
- And the same goes for London
- A win at Weeze
- Ryanair to "charitably" authorise "Price Comparison Only" websites
- Search for additional ancillary charges relentlessly continues
Graphs and data:
- Ryanair share price (GBP) Apr-2008 to May-2009
- Ryanair traffic highlights: Apr-2009
- Ryanair passenger numbers and passenger load factor: May-08 to Apr-09
- Ryanair, easyJet and British Airways passenger number growth (% change year-on-year): May-08 to Apr-09
- Ryanair ancillary revenue as a portion of total revenue: 1Q05 to 3Q09
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