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The company behind the largest low-cost airline operations, Ryanair Holdings PLC Announced in the first quarter of this year Profit of 360 million euros.
While this was successful for many, it should be mentioned that it was during the same period last year The airline’s profit is €663 million After tax.
If you look at the headline numbers, skeptical investors are a bit concerned: passenger numbers are up 10%, but revenue per passenger is down 10%, average fares are down 15%, and at the same time, operating costs are up 11%. Profits fell by as much as 46%.
In a paper published Ryanair websitethe company’s current fleet is said to include 594 aircraftwhere it is 156 Boeing B737-8200 Game Changer (20 fewer than planned). A record summer schedule has been launched (5 new bases and more than 200 new routes in summer 2024).
They are expanded Fuel Hedging (Hedging is a financial strategy companies use to reduce or protect against risks associated with market price fluctuations): 75% below $80 a barrel in fiscal 2025 would save more than 450 million euros, and around 45% at $78 a barrel in fiscal 2026.
Ryanair first Michael O’Leary He struck an optimistic tone in his speech to shareholders, saying he runs “the best-rated airline in Europe”:
“Our new aircraft and increased use of Sustainable Aviation Fuel (SAF) make Ryanair One of the most environmentally friendly airlines in the European Union,” O’Leary said.
“In the first quarter, we received 10 B737-8200 (4% more seats, 16% lower fuel burn and CO2 emissions), and we continue to install wing extensions on our B737NG fleet, which will reduce fuel burn by 1.5% and noise by 6%.”
Mike O’Leary announced that by the end of this month, the company will have More than 160 Boeing B737-8200stressing that (despite delivery delays) “the improvement in delivery quality and frequency was evident in the first quarter”.
(Aero.rs)
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