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Ryanair Q1 Profit Up 68% To €39 000 000  
User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13745 posts, RR: 19
Posted (12 years 3 months 3 weeks 5 days 11 hours ago) and read 2832 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
 
User currently offlineBrusselsSouth From Belgium, joined Aug 2001, 628 posts, RR: 5
Reply 1, posted (12 years 3 months 3 weeks 5 days 11 hours ago) and read 2817 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


User currently offlineSingapore_Air From United Kingdom, joined Nov 2000, 13745 posts, RR: 19
Reply 2, posted (12 years 3 months 3 weeks 5 days 10 hours ago) and read 2799 times:

Ah yes, thanks. Misread the webpage.


Anyone can fly, only the best Soar.
User currently offlineLJ From Netherlands, joined Nov 1999, 4471 posts, RR: 0
Reply 3, posted (12 years 3 months 3 weeks 5 days 3 hours ago) and read 2748 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)

User currently offlineSAS23 From , joined Dec 1969, posts, RR:
Reply 4, posted (12 years 3 months 3 weeks 5 days ago) and read 2727 times:

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

User currently offlineDonder10 From Canada, joined Oct 2001, 6660 posts, RR: 21
Reply 5, posted (12 years 3 months 3 weeks 4 days 22 hours ago) and read 2704 times:

Any more routes planned from PIK -Stockholm?Shannon?

User currently offlineSAS23 From , joined Dec 1969, posts, RR:
Reply 6, posted (12 years 3 months 3 weeks 4 days 22 hours ago) and read 2700 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...

User currently offlineDonder10 From Canada, joined Oct 2001, 6660 posts, RR: 21
Reply 7, posted (12 years 3 months 3 weeks 4 days 22 hours ago) and read 2683 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?

User currently offlineDavid_itl From United Kingdom, joined Jun 2001, 7415 posts, RR: 13
Reply 8, posted (12 years 3 months 3 weeks 4 days 21 hours ago) and read 2678 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


User currently offlineCapt.Picard From , joined Dec 1969, posts, RR:
Reply 9, posted (12 years 3 months 3 weeks 4 days 21 hours ago) and read 2806 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.



User currently offlineSAS23 From , joined Dec 1969, posts, RR:
Reply 10, posted (12 years 3 months 3 weeks 4 days 19 hours ago) and read 2663 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 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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