SInGAPORE_AIR
Posts: 11619
Joined: Mon Nov 13, 2000 4:06 am

Ryanair Q1 Profit Up 68% To €39 000 000

Tue Aug 06, 2002 4:56 pm

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.
 
BrusselsSouth
Posts: 568
Joined: Wed Aug 15, 2001 2:12 am

RE: Ryanair Q1 Profit Up 68% To €39 000 000

Tue Aug 06, 2002 5:07 pm

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
 
SInGAPORE_AIR
Posts: 11619
Joined: Mon Nov 13, 2000 4:06 am

RE: Ryanair Q1 Profit Up 68% To €39 000 000

Tue Aug 06, 2002 5:22 pm

Ah yes, thanks. Misread the webpage.
Anyone can fly, only the best Soar.
 
LJ
Posts: 4112
Joined: Wed Nov 17, 1999 8:28 pm

RE: Ryanair Q1 Profit Up 68% To €39 000 000

Wed Aug 07, 2002 1:19 am

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)
 
Guest

RE: Ryanair Q1 Profit Up 68% To €39 000 000

Wed Aug 07, 2002 3:20 am

Bet that p1sses off the Belgians big time ... how much money has SNBA lost so for?  Big grin Big grin
 
donder10
Posts: 6944
Joined: Sun Oct 21, 2001 5:29 am

RE: Ryanair Q1 Profit Up 68% To €39 000 000

Wed Aug 07, 2002 5:46 am

Any more routes planned from PIK -Stockholm?Shannon?
 
Guest

RE: Ryanair Q1 Profit Up 68% To €39 000 000

Wed Aug 07, 2002 6:05 am

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
Posts: 6944
Joined: Sun Oct 21, 2001 5:29 am

RE: Ryanair Q1 Profit Up 68% To €39 000 000

Wed Aug 07, 2002 6:13 am

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
Posts: 5961
Joined: Wed Jun 27, 2001 7:39 am

RE: Ryanair Q1 Profit Up 68% To €39 000 000

Wed Aug 07, 2002 7:03 am

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
 
Guest

RE: Ryanair Q1 Profit Up 68% To €39 000 000

Wed Aug 07, 2002 7:09 am

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.

 
Guest

RE: Ryanair Q1 Profit Up 68% To €39 000 000

Wed Aug 07, 2002 8:20 am

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