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FR: 1/2 Year Net Profit 329m EUR

Wed Nov 08, 2006 6:49 am

FR announced its half-year net profit, i.e. after tax, of 329m EUR (£220.5m) - up 39% from 237m EUR last year.

In half the year, it carried 23% extra customers at 22.1m - up from 18m last year. For the full year, it's 39,591,693.

Despite the increase in customer numbers and the great expansion, i.e. increased capacity by 22% and including two new bases (BRE and MAD) and many new routes from existing bases, its yields increased 9%.

Total revenue increased by 33% to 1.256 billion EUR.

FR's profit margin increased to 26%.

But the cost of fuel increased by 42% to a whopping 337.m EUR, thus meaning its overall costs for the half year increased by 7.5%.

A fundamental area is ancillary revenue, which increased 27%.

As usual, fares at Shannon continue to be less than hoped, although LPL and EMA performed well, and its new bases (MRS, BRE and MAD) and new routes from DUB all have very good bookings.

Says it will remain cautious for H2 but now expects yields in Q3 to be +2% or +3% and not the originally forecasted -5%.

It expects its yields in Q4 to not be as low as the forecasted -5%.

For the fiscal year, it expects profit to be +16% to 350m EUR, up 15% from the predicted 335m EUR.
"Everyone writing for the Telegraph knows that the way to grab eyeballs is with Ryanair and/or sex."
Posts: 2651
Joined: Wed Jan 25, 2006 6:32 am

RE: FR: 1/2 Year Net Profit 329m EUR

Wed Nov 08, 2006 7:12 am

Why don't you come join our happy crew on The Irish Aviation thead? You seem so alone on this one.
Now so, have ye time fer a pint?

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