Ryanair operating profit up 40% in FY2016
Ryanair revenue up 16% - financial highlights for 12 months ended 31-Mar-2016:
- Total operating revenue: EUR6536 million, +15.6% year-on-year;
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- Scheduled: EUR4967 million, +16.6%;
- Ancillary: EUR1569 million, +12.5%;
- Total operating costs: EUR5076 million, +10.1%;
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- Fuel: EUR2071 million, +4.0%;
- Airport and handling charges: EUR830.6 million, +16.5%;
- Operating profit: EUR1460 million, +40.0%;
- Net profit*: EUR1242 million, +43.3%;
- Passenger numbers: 106.4 million, +18%;
- Load factor: 93%, +5 ppts;
- Average fare: EUR46, -1%;
- Total assets: EUR11,218 million;
- Cash and cash equivalents: EUR1259 million;
- Total liabilities: EUR7622 million. [more - original PR]
*Pre-exceptional items
Ryanair: "We see growth opportunities for Ryanair's lower fares and AGB programme. We are, on average, 2% better booked for the peak summer months than this time last year but at lower fares. We expect our FY17 load factor will be similar to last year (93%) as we grow traffic by 9% to 116m. Pricing however will be softer, particularly in Q1 & Q4 neither of which have any Easter holiday benefits and capacity additions in Europe are higher than in previous years as hedged competitors enjoy falling oil bills. Since we continue to be load active/yield passive we expect (with very limited visibility) ave. fares to fall approx. 7% this year (comprising H1 -5% to -7% & H2 -10% to -12%)." Source: Company statement, 23-May-2016.