RYANAIR FULL YEAR PROFITS RISE 10% TO €1.45BN
LOWER FARES & HIGHER OIL CUTS FY19 GUIDANCE to €1.25BN - €1.35BN
Ryanair’s CEO Michael O’Leary said:
“We are pleased to report a 10% increase in profits, with an unchanged net margin of 20%, despite a 3% cut in air fares, during a year of overcapacity in Europe, leading to a weaker fare environment, rising fuel prices, and the recovery from our Sept. 2017 rostering management failure. Highlights of the last year include:
- Traffic grew 9% to over 130m, despite grounding 25 winter aircraft
- Average fare fell 3% to just €39.40
- Unit costs were cut by 1% (ex-fuel they rose +3%)
- Ryanair Labs stimulated record ancillary spend (+4% per guest)
- We took delivery of 50 B737 aircraft, bringing the fleet to 430 units
- We created 1,500 new jobs, and over 600 promotions
- New 5 year pay deals were concluded with most of our pilots and cabin crew
- Over €800m was returned to shareholders via buybacks
- We recovered quickly from the Sept. 2017 pilot rostering failure
Full details:
https://investor.ryanair.com/wp-content ... esults.pdf
Moderators: richierich, ua900, PanAm_DC10, hOMSaR
Re: Ryanair - Results Financial Year 2017-2018
Amazing performer of a company. It sets goals and churns out the results to meet the goals it set for itself.
higher oil prices won't stop it but will kill some of the competitors in the coming year.
higher oil prices won't stop it but will kill some of the competitors in the coming year.
Re: Ryanair - Results Financial Year 2017-2018
You may not like flying on them but you can't fault their performance as a business. Certainly one of the best run airlines in the world.
Re: Ryanair - Results Financial Year 2017-2018
130 million carried in the past 12 months, forecast to grow to 139m in its next 12.
Re: Ryanair - Results Financial Year 2017-2018
https://investor.ryanair.com/results/fy-2018/
presentation shows they have considerably cheaper costs than anyone else in the market. WizzAir is the closest and still markedly more costly.
presentation shows they have considerably cheaper costs than anyone else in the market. WizzAir is the closest and still markedly more costly.
Re: Ryanair - Results Financial Year 2017-2018
I listened to the Q&A.
Interesting things I noted were:
M O'L would like the company to become a IAG type operation in the future with sub-companies but any additional companies they happen to pick up in the next year or two will maybe only be picked up by accident and for the most part they will grow organically. I could actually now see him buying flyBE once Brexit settling down despite the planes being a bit too small for his liking.
The A320s in the Laudamotion are too expensive and they can't buy new so they are looking to go from about 9 to hopefully 40 to 50 in coming years through more reasonable leases and with running Airbus sub-fleet Airbus will take expressions of interest from them more seriously in future.
Transfers are of interest to them but at 95% occupancy the passengers they win are displacing passengers they won themselves so it isn't a big money spinner for them.
They are only going to monetize the package holiday company down the line.
Interesting things I noted were:
M O'L would like the company to become a IAG type operation in the future with sub-companies but any additional companies they happen to pick up in the next year or two will maybe only be picked up by accident and for the most part they will grow organically. I could actually now see him buying flyBE once Brexit settling down despite the planes being a bit too small for his liking.
The A320s in the Laudamotion are too expensive and they can't buy new so they are looking to go from about 9 to hopefully 40 to 50 in coming years through more reasonable leases and with running Airbus sub-fleet Airbus will take expressions of interest from them more seriously in future.
Transfers are of interest to them but at 95% occupancy the passengers they win are displacing passengers they won themselves so it isn't a big money spinner for them.
They are only going to monetize the package holiday company down the line.
Re: Ryanair - Results Financial Year 2017-2018
leghorn wrote:https://investor.ryanair.com/results/fy-2018/
presentation shows they have considerably cheaper costs than anyone else in the market. WizzAir is the closest and still markedly more costly.
Very interesting presentation (with a very low cost feel to the graphics !!!
)Amongst other things I was interested to see how much more expensive they claim Southwest is versus the European LCCs.
Germany looks to be a significant growth target for FR (they are 2nd in the market but only have 9% market share)
Re: Ryanair - Results Financial Year 2017-2018
No surprises, not sure what they expected, but there is always one more penny to be squeezed....
Ryanair: rising number of bags at gate may prompt review of rules
The Ryanair chief executive, Michael O’Leary, has said the airline may have to review its new luggage policy if large numbers of passengers continue to hand over their bags at the gate.
https://www.theguardian.com/business/20 ... ael-oleary
Ryanair: rising number of bags at gate may prompt review of rules
The Ryanair chief executive, Michael O’Leary, has said the airline may have to review its new luggage policy if large numbers of passengers continue to hand over their bags at the gate.
https://www.theguardian.com/business/20 ... ael-oleary
Re: Ryanair - Results Financial Year 2017-2018
That is a tabloid interpretation of what he said in the Q&A session.
Re: Ryanair - Results Financial Year 2017-2018
What’s happening with the proposal to start feeding EI at Dublin ?? Seems to be taking a long time to kick off
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Re: Ryanair - Results Financial Year 2017-2018
MOL will never admit it but the new luggage policy is one of the factors affecting their on time performance.
At some airports, there are real handing issues with the wide scale gate checking of hand luggage.
At some airports, there are real handing issues with the wide scale gate checking of hand luggage.
Re: Ryanair - Results Financial Year 2017-2018
LTenEleven wrote:MOL will never admit it but the new luggage policy is one of the factors affecting their on time performance.
At some airports, there are real handing issues with the wide scale gate checking of hand luggage.
It is referenced in the Q&A as a factor but his biggest gripe was understaffing of ATC especially a new ATC centre in Karlsruhe which staff won't move to.
Obviously only a minority of Ryanair traffic is moving through German airspace but I can understand how it would be frustrating.
Re: Ryanair - Results Financial Year 2017-2018
They don't have a lot of revenue for a fleet of 440 738s but they do know how to make money.
Re: Ryanair - Results Financial Year 2017-2018
Dacia's margin for Renault is huge too.
http://europe.autonews.com/article/2017 ... paying-off
There is money to be made in serving the cheap end of the market.
Ryanair's slides show IAG and Lufthansa costs and revenue per passenger too. They're at the other end of the pendulum's swing.
http://europe.autonews.com/article/2017 ... paying-off
There is money to be made in serving the cheap end of the market.
Ryanair's slides show IAG and Lufthansa costs and revenue per passenger too. They're at the other end of the pendulum's swing.
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