8-Nov-2011 12:04 PM

Ryanair operating profit up in 1HFY2012

Ryanair reports (07-Nov-2011) the following traffic highlights for the six months ended Sep-2011:

  • Operating revenue: EUR2712.4 million, +24.3% year-on-year;
    • Ancillary: EUR486.5 million, +14.8%;
  • Operating costs: EUR2061.9 million, +23.7%;
    • Labour: EUR222.5 million, +14.1%;
    • Fuel: EUR907 million, +37.3%;
  • Operating profit: EUR650.5 million, +26.2%;
  • Net profit: EUR543.5 million, +28.2%;
  • Passenger numbers: 44.7 million, +12%;
  • Load factor: 85%, -1.0 ppts;
  • Revenue per passenger: EUR61, +11%;
  • Passenger numbers forecast:

Ryanair: “While 1H yields were slightly better than forecast, our outlook remains cautious. Based on current 3Q bookings and very limited visibility into 4Q we now expect 2H yields will rise by up to 14%, slightly better than the 12% previously guided. Accordingly we are raising our full year net profit guidance by 10% from EUR400m to EUR440m, subject of course to the final outturn of 4Q yields,” CEO, Michael O’Leary. Source: Company statement, 07-Nov-2011.