Ryanair reports net profit up 4% in Q1
Ryanair reported Q1 2016 net profit of E256m (US$281m), up 4% compared to E245m YOY. Q1 revenue was E1.69b, up 2% YOY, while expenses were E1.38b, up 1%, producing an operating profit of E306.8m, up 6%. Ancillary revenue accounted for 26% of the total figure (up 2% on the previous year). Unit costs were down 9% YOY (down 4% excluding fuel). Passenger numbers rose 11% to 31.2m compared to the year-ago period, while load factor was up 2% at 94%. The airline estimates it will carry 117m passengers this year, up 11% YOY. CFO Neil Sorahan said forward bookings were increasing and were up 1% on the year-ago period. Financial guidance for the full year remained essentially unchanged, with estimated net profits in the E1.375m to E1.425m bracket, although he cautioned that downside risks were present. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-07-26/unaligned/ryanair-reports-net-profit-up-4-in-q1
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Ryanair reports net profit up 4% in Q1
Ryanair reported Q1 2016 net profit of E256m (US$281m), up 4% compared to E245m YOY. Q1 revenue was E1.69b, up 2% YOY, while expenses were E1.38b, up 1%, producing an operating profit of E306.8m, up 6%. Ancillary revenue accounted for 26% of the total figure (up 2% on the previous year). Unit costs were down 9% YOY (down 4% excluding fuel). Passenger numbers rose 11% to 31.2m compared to the year-ago period, while load factor was up 2% at 94%. The airline estimates it will carry 117m passengers this year, up 11% YOY. CFO Neil Sorahan said forward bookings were increasing and were up 1% on the year-ago period. Financial guidance for the full year remained essentially unchanged, with estimated net profits in the E1.375m to E1.425m bracket, although he cautioned that downside risks were present. <br/>
