Ryanair are only going to get to 400 million euro profit it they can keep up load factors and rise fares a lot. Also 400m euors is not the same a £400m in the real world.
what they said at q1 results - q2 results are due on 7th dec
Our outlook for the remainder of the year remains unchanged. We anticipate traffic in FY12 will grow by 4% comprising 10% growth in H1, and then fall by approx. 4% in H2 due to already announced winter capacity cuts. We expect average fares in FY12 to rise by up to 12% due to the better mix of new routes and bases, our winter capacity cuts, higher competitor fares and fuel surcharges. We anticipate Q2 yields will rise by 12% to 15%. We expect operating costs per passenger for FY12 to rise by 13% due to higher oil prices. Excluding fuel, sector length adjusted unit costs should rise by just 2% mainly due to Eurocontrol, Dublin airport, and staff cost increases. With very limited visibility on H2 bookings or yields at this time, our full year guidance remains unchanged as we expect profit after tax for FY12 to be similar to the FY11 result of €400m.