Morning all,
Full year results out this morning. Key points:
- Adj profit after tax up from €319m to €401m
- Yields up 12%, sector length up 10%,
- Revenues up 21%, passengers up 8%
Looking forward to FY 2012/13:
- Expects to ground up to 80 aircraft this winter (was 40 this winter)
- Will grow passenger numbers by 10% during the summer, but then reduce by 4% in the winter, giving overall growth of 4% this year (75m pax).
- Operating cost per passenger to rise by 13% this year, mainly blaming fuel price
- Yields to rise 12% this year
- Profit to be roughly similar: About €400m
http://www.ryanair.com/doc/investor/...4_2011_doc.pdf
Share price: Currently down by over 7%.