Ryanair Q1 Profit Up 68% To €39 000 000 — Civil Aviation Forum

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Ryanair Q1 Profit Up 68% To €39 000 000

Singapore_Air From United Kingdom, joined Nov 2000, 13711 posts, RR: 21
Posted (10 years 9 months 2 weeks 6 days 4 hours ago) and read 1877 times:

Ryanair has posted a Q1 profit of €39 000 000 / US$38 400 000 - far exceeding expectations.

Revenues grew 29% to €194 300 000 / US$190 452 860.

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."

The average load factor was 83%.

More information at the BBC NEWS Online website and Reuters / Yahoo website

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

Anyone can fly, only the best Soar.

10 replies: All unread, jump to last

BrusselsSouth From Belgium, joined Aug 2001, 598 posts, RR: 5
Reply 1, posted (10 years 9 months 2 weeks 6 days 4 hours ago) and read 1862 times:

Small correction :

Ryanair hasn't converted 50 options on 738 into firm orders, they have converted only 3 of their 50 options into firm orders.

(Seen on Ryanair's website)

Regards

BrusselsSouth

AB2,319,320,321,333,388,AT7,BNT,J32,F50,F70,CR9,DH4,E45,E70,E90,142,AR8,AR1,M82,M83,722,732,733,734,735,73G,738,744,752,

Singapore_Air From United Kingdom, joined Nov 2000, 13711 posts, RR: 21
Reply 2, posted (10 years 9 months 2 weeks 6 days 4 hours ago) and read 1844 times:

Ah yes, thanks. Misread the webpage.

Anyone can fly, only the best Soar.

LJ From Netherlands, joined Nov 1999, 4142 posts, RR: 1
Reply 3, posted (10 years 9 months 2 weeks 5 days 20 hours ago) and read 1793 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)

SAS23 From , joined Dec 1969, posts, RR:
Reply 4, posted (10 years 9 months 2 weeks 5 days 18 hours ago) and read 1772 times:

Bet that p1sses off the Belgians big time ... how much money has SNBA lost so for? Big grin

Donder10 From Canada, joined Oct 2001, 6659 posts, RR: 23
Reply 5, posted (10 years 9 months 2 weeks 5 days 16 hours ago) and read 1749 times:

Any more routes planned from PIK -Stockholm?Shannon?

SAS23 From , joined Dec 1969, posts, RR:
Reply 6, posted (10 years 9 months 2 weeks 5 days 15 hours ago) and read 1745 times:

Torp started earlier this year, I don't think Skavsta is on the books (yet) as I understand that the new routes are more southern Europe...

Donder10 From Canada, joined Oct 2001, 6659 posts, RR: 23
Reply 7, posted (10 years 9 months 2 weeks 5 days 15 hours ago) and read 1728 times:

I know that a lot of PIK passengers connect at STN to go to Italy but thats pushing 2 1/2 hours from PIK to Milan and about 3 to Rome-too far for FR?

David_itl From United Kingdom, joined Jun 2001, 7144 posts, RR: 14
Reply 8, posted (10 years 9 months 2 weeks 5 days 14 hours ago) and read 1723 times:

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Sas23

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.

David

Capt.Picard From , joined Dec 1969, posts, RR:
Reply 9, posted (10 years 9 months 2 weeks 5 days 14 hours ago) and read 1851 times:

David,

I agree, SAS23's comment on SNBA was uncalled for; but so was YOUR comment, regarding Ryanair...being as it was, sarcastic and untrue.

SAS23 From , joined Dec 1969, posts, RR:
Reply 10, posted (10 years 9 months 2 weeks 5 days 13 hours ago) and read 1708 times:

Capt Picard, the reason I made the comment about SNBA is their ongoing 'dirty tricks' campaign against FR which makes the BA/VS one look like a kindergarten spat! Big grin

David - far better to hold off and not lose money than to jump in and go bust before a market upturn ... don't you agree? Insane

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