7-Feb-2017 12:11 PM

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.

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More