Ryanair reports profit decline in 3QFY2017, 'cautious' outlook for remainder of FY2017

Ryanair revenue up 1% - financial highlights for three months ended 31-Dec-2016:

• Total operating revenue: EUR1345 million, +1% year-on-year;
• • Ancillary: EUR394.5 million, +15%;
• Total operating costs: EUR1226 million, +2%;
• • Fuel: EUR446.9 million, -8%;
  • Airport and handling charges: EUR210.9 million, +5%;
• Operating profit: EUR118.8 million, -6%;
• Net profit: EUR94.7 million, -8%;
• Passengers: 28.8 million, +16%;
• Load factor: 95%, +2 ppts;
• Average fare: EUR33, -17%;
• Total assets: EUR10,907 million;
• Cash and cash equivalents: EUR613.3 million;
• Total liabilities: EUR6046 million. [more - original PR]

Ryanair: “Our outlook for the remainder of FY17 is cautious. With less than 2 months of the year to go, and no Easter in March, we expect Q4 yields to decline by as much as -15%. We will carry over 119m customers in FY17, and full year ex-fuel unit costs should fall by approx. 4%. Accordingly we are maintaining our full year profit guidance in a range of EUR1.30bn to EUR1.35bn, but this guidance heavily depends on the absence of any unforeseen security events affecting close in bookings.” Source: Company statement, 06-Feb-2017.