However, despite a 38% rise in traffic for Q1, profit growth will slow due to costs of launching new routes.
"We will not repeat a 68 percent growth in net profits in Q2, and going forward expect to see profit growth running in line with previous guidance for the remainder of the year," Chief Executive Michael O'Leary said.
Ryanair has also converted 50 options on Boeing aircraft to firm orders. "These additional orders will enable Ryanair to grow at the slightly faster rate of 30 percent for the next two years to just under 20 million passengers in 03/04."
Information was gathered from the above hyperlinked webpages. Full information can be viewed by clicking the two above hyperlinks. Currency conversion from €uros to US Dollar courtesy of the Singapore Airlines Currency Converter
LJ From Netherlands, joined Nov 1999, 4683 posts, RR: 0
Reply 3, posted (13 years 2 months 6 days 5 hours ago) and read 3323 times:
There's another catch in the gain. Last years Q1 profit was exceptional low (compared to the other Q's) due to high costs for opening new routes. But then again, it still is a great headline number (allthough investors didn't bother to even look at the numbers as the stock closed only 1.64% higher)
David_itl From United Kingdom, joined Jun 2001, 7657 posts, RR: 13
Reply 8, posted (13 years 2 months 6 days ago) and read 3253 times:
Does "Southern Europe" encompass parts of North Africa in true Ryanair misleading style?
Comments about the profitability or otherwise of SNBA are uncalled for....I can think of a prospective airline called Scottish Fuselage-Appendages (or something similar) which has yet to be in a position to lose money i.e. they don't fly and won't fly for a year or two pending further investigations of the market.