Ryanair Holdings plc exceeded the $5.55 billion forecast with a 3% YoY increase in second-quarter revenue to €5.07 billion ($5.57 billion). Average fares dropped 7% to 61 euros, but scheduled revenues increased 1% year over year to €3.62 billion.
Despite Boeing's delays, traffic increased by 9% to 115 million, and for the six months ending September
30, ancillary revenues increased by 10% to 2.74 billion euros.
Ryanair's second-quarter earnings per share (EPS) decreased from 1.3239 euros to 1.285 euros. Operating expenses reached 3.42 billion euros, a 6% annual rise. Compared to 1.64 billion euros a year earlier, net cash inflow from operational activities for the half-year period was 1.181 billion euros.
Ryanair's second-quarter earnings per share (EPS) decreased from 1.3239 euros to 1.285 euros. Operating expenses reached 3.42 billion euros, a 6% annual rise. Compared to 1.64 billion euros a year earlier, net cash inflow from operational activities for the half-year period was 1.181 billion euros.
With 170 B737 "Gamechangers" in a fleet of 608, gross cash was over 3.3 billion euros as of September 30 and net cash was 0.6 billion euros.
In light of recent price volatility, the company's fuel needs for the second half of FY25 are 85% hedged at $79/bbl, offering risk protection. Hedging coverage has been raised to 75% for FY26 at $77/bbl, resulting in small annual savings.
Because of our cheaper airfares, a lot of passengers are moving to Ryanair. We are consequently achieving unprecedented gains in market share in the majority of markets. Ancillary sales remained strong, increasing 10% to €2.74 billion, while traffic increased 9% to 115 million despite frequent Boeing delivery delays. Operating costs did well, increasing by 8% to €6.68 billion (lagging behind 9% traffic growth) as fuel hedge savings offset increased staff and other expenses brought on in part by Boeing's delivery delays. Michael O'Leary, CEO of Ryanair Group, stated, "The significant impact of a 5 million+ passenger shortfall in FY25 due to these delivery delays is not offset by the modest delay compensation received in H1 (primarily maintenance credits)."
In light of recent price volatility, the company's fuel needs for the second half of FY25 are 85% hedged at $79/bbl, offering risk protection. Hedging coverage has been raised to 75% for FY26 at $77/bbl, resulting in small annual savings.
Because of our cheaper airfares, a lot of passengers are moving to Ryanair. We are consequently achieving unprecedented gains in market share in the majority of markets. Ancillary sales remained strong, increasing 10% to €2.74 billion, while traffic increased 9% to 115 million despite frequent Boeing delivery delays. Operating costs did well, increasing by 8% to €6.68 billion (lagging behind 9% traffic growth) as fuel hedge savings offset increased staff and other expenses brought on in part by Boeing's delivery delays. Michael O'Leary, CEO of Ryanair Group, stated, "The significant impact of a 5 million+ passenger shortfall in FY25 due to these delivery delays is not offset by the modest delay compensation received in H1 (primarily maintenance credits)."
Outlook: Ryanair is still aiming for an 8% growth in passengers, reaching 198 million and 200 million in FY25, although this objective is contingent on Boeing deliveries continuing on time.
As inflationary pressures such as crew pay, handling fees, and air traffic control expenses are offset by savings from fuel hedges, interest income, and little compensation for aircraft delays, full-year unit costs are anticipated to stay constant.
Although fare predictions are still cautious, strong demand is anticipated for the third quarter, and pricing cuts are expected to moderate. Giving accurate FY25 earnings estimate is tricky due to limited fourth-quarter visibility and unfavourable comparisons with last year's early Easter.
Price Action: As of Monday's last check, RYAAY shares are up 0.66% at $45.84 premarket.
Although fare predictions are still cautious, strong demand is anticipated for the third quarter, and pricing cuts are expected to moderate. Giving accurate FY25 earnings estimate is tricky due to limited fourth-quarter visibility and unfavourable comparisons with last year's early Easter.
Price Action: As of Monday's last check, RYAAY shares are up 0.66% at $45.84 premarket.
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