Thunderbirdsix

Despite all the negative press that people are trying to do to Ryanair they are still making the money. Long may they continue to grow.


Ryanair has reported better than expected third quarter after-tax profits of €18.1m, a 21% increase on the same time last year.
The airline also raised its profits outlook for the full year.
The increase in quarterly profits in the three months from October to December came despite an €81m increase in fuel costs as the price of oil jumped by 22% from $84 a barrel to $102.
Ryanair said its revenues rose by 15% to €969m as traffic grew by 3% to 17.3 million passengers.
Its ancillary revenues performed ''strongly'' and rose 24% to about €13 per passenger.
Ryanair said its third quarter profits were head of expectations due to strong pre-Christmas bookings at higher yields.
The airline said it has paid a second special dividend of €492m (0.34 cent per share) to shareholders in the third quarter, bringing to €1.53 billion the funds returned to shareholders over the past five years.
Looking ahead, Ryanair said its fourth quarter traffic - as previously guided - will drop by about 3% below last year as the airline is grounding up to 80 planes. It said this will limit the impact of high oil prices, high airport fees at Dublin and Stansted, and seasonally weaker fourth quarter demand.
But ''on the basis of this improved Q3 result, our capacity cuts and limited visibility over Easter bookings and yields, we now expect our full year profits to exceed our previous guidance (of €490m to €520m) and rise close to €540m, a 7% increase on last year's profits despite a 19% increase in our oil costs,'' the airline said.

Dg800

I think we should wait until after they've actually paid all the tax and fees that are actually due before making any comparison with the competition. Until then, this is just an interim report...

Thunderbirdsix

I would like to see another Airline with an interim report like that one, boy would they be happy

JB007

Aer Lingus proposal

In the third quarter, Ryanair benefited from an 8% rise in average fares, lifting overall revenues 15% to 969m euros.

The company said fares would continue to rise next year, though capacity would only rise by 2-3%, down from the 4% rise forecast in the current year, due to the lack of new plane deliveries planned.

The airline also gave an update on its bid for rival airline Aer Lingus. Ryanair is making its third attempt to buy Aer Lingus but was given a list of objections by the European Commission in October last year.

"Ryanair has submitted a radical and unprecedented remedies package to the EU in support of its offer for Aer Lingus. We believe these remedies address every current Ryanair/Aer Lingus crossover route and all other competition issues raised by the Commission in its Statement of Objections," Ryanair said.

"The remedies involve two upfront buyers each basing aircraft in Ireland to take over and operate a substantial part of Aer Lingus' existing route network and short-haul business.

"This will be the first EU airline merger which will deliver structural divestitures and multiple upfront buyers. We look forward to completing our offer for Aer Lingus subject to receiving approval from the EU competition authorities in early March."

gorter

I may have missed the story (and I haven't done a search), but why is Ryanair so desperate to buy Aer Lingus?

Lord Spandex Masher

How much of that profit was received from p2f?

millerman

Maybe if they are doing so well the can afford to pay the full amount of route charges

Ryanair accused of evading charges 'after giving false information over weight of its aircraft to save millions' | Mail Online

FR-

Do we not already have an Ryanair thread

Meccano

Every time I hear one of these Ryanair profit reports (or passenger statistics, usually quoted to counter any criticism of FR bad behavior) I always wonder - how many more passengers would they carry, how much larger would the profits be, if the company acted in a reasonable, friendly and ethical manner toward its staff and customers?

111KAB

Low cost route to European air superiority - Yahoo! Finance UK

Tableview

They wouldn't, because that's not their business model. They offer what appears to be a lower fare than their rivals and then use their devious tactics to squeeze the last drop of revenue from ancillary services. It's all stated in their Ts &Cs, which many people fail to read, and they comply with regulatory standards, but only just.

If they operated differently, their fares would go up and they would lose market share. Also worth pointing out that on many routes they have no competition, another smart move.

Whatever one might think of O'Leary, he is no fool!

pee

And that's their main fault. I agree with Meccono. The carrier has so VAST potential, very far from limits yet, but on one condition: all these manners have to improve. That would not involve any significant costs (surprise, surprise!), it's just the question of better PR. If we can spot some unsatisfactory load factors on number of routes, it is usually not due to fares nor due to lack of demand. It is due to their "business model", tableview, nothing else.

Tableview

The point about their business model is that it works for them and their type of passengers. I wouldn't touch them with a bargepole but 75 million people a year fly with them and thus they are, and will continue to be, successful.

pee

Yes, it works. But MOL is very ambitious, I guess. He would like Ryanair to carry MORE pax and to have MORE profits. To do so, FR should carry for broader spectrum of passengers (in advance).
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