Ryanair reports 55% net profit jump in Q1
Ryanair reported a 55% jump in net profit for Q1 of its 2018 financial year, with the post-tax figure rising to E397m (US$453m), compared to E256m a year ago. It achieved the result on revenues of just over E1.9b, up 13% year-over-year. Passenger numbers for the quarter also rose 12% YOY to 35m. Load factor climbed 2% to 96%, compared to the same period last year. Ryanair CFO Neil Sorahan cautioned that the result had been flattered by the inclusion of Easter in this year’s Q1, which was not the case last year. The demand for flights saw the average fare on Ryanair rise 1% to E40.30. However, Sorahan said the company continued to drive down average fares, with an 8% drop expected in 2H this year, compared to the same period in 2016. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-07-25/unaligned/ryanair-reports-55-net-profit-jump-in-q1
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Ryanair reports 55% net profit jump in Q1
Ryanair reported a 55% jump in net profit for Q1 of its 2018 financial year, with the post-tax figure rising to E397m (US$453m), compared to E256m a year ago. It achieved the result on revenues of just over E1.9b, up 13% year-over-year. Passenger numbers for the quarter also rose 12% YOY to 35m. Load factor climbed 2% to 96%, compared to the same period last year. Ryanair CFO Neil Sorahan cautioned that the result had been flattered by the inclusion of Easter in this year’s Q1, which was not the case last year. The demand for flights saw the average fare on Ryanair rise 1% to E40.30. However, Sorahan said the company continued to drive down average fares, with an 8% drop expected in 2H this year, compared to the same period in 2016. <br/>
