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3-Nov-2009 12:42 PM

Ryanair 2QFY2010 revenue down 4%,

Ryanair revenue down 4% - financial* highlights:

Three months ended 30-Sep-2009:

  • Total operating revenue: EUR992.1 million, -4.0% year-on-year;
    • Ancillary: EUR181.0 million, +3.2%;
  • Total operating costs: EUR694.2 million, -16.4%;
    • Fuel: EUR245.7 million, -41.8%;
    • Airport & handling charges: EUR32.8 million, +6.8%;
    • Route charges: EUR92.7 million, +20.5%;
    • Labour: EUR86.2 million, +8.3%;
  • Operating profit: EUR297.9 million, +46.8%;
  • Profit before tax: EUR284.8 million, +45.5%;
  • Net profit: EUR250.5 million, +34.8%;
  • Average fares: EUR32, -20%;
  • Revenue per passenger: -19%;

Six months ended 30-Sep-2009:

  • Total operating revenue: EUR1,767 million, -2.4%;
    • Ancillary: EUR346.3 million, +7.5%;
  • Total operating costs: EUR1,314 million, -17.9%;
    • Fuel: EUR459.8 million, -41.7%;
    • Airport & handling charges: EUR+4.7%;
    • Route charges: EUR173.9 million, +15.2%;
    • Labour: EUR168.6 million, +5.4%;
  • Operating profit: EUR452.6 million, +114.8%;
  • Profit before tax: EUR419.4 million, +298.7%;
  • Net profit: EUR373.5 million, +291.9%;
  • Passenger numbers: 36.4 million, +15%;
  • Load factor: 85%, stable;
  • Average fare: EUR39, -17%;
  • Revenue per passenger: -15%. [more]
  • *Based on IRFS results

Ryanair: “Traffic growth is strong, but at the expense of declining average fares. Ryanair’s yields are being negatively impacted by the weakness of Sterling and tourist taxes in the UK and Ireland. We expect yields this Winter will continue to fall by up to 20%, which will cause material losses in 3Q and 4Q and accordingly our full year net profit guidance remains at the lower end of the EUR200 million to EU300 million range – as we previously guided,” Michael O’Leary, CEO. Source: Ryanair, 02-Nov-2009.

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