2023-07-24 01:39:24 ET
- Ryanair Holdings press release ( NASDAQ: RYAAY ): Q1 GAAP EPS of €0.58.
- Revenue of €3.65B (+40.4% Y/Y).
- Traffic grew 11% to 50.4M and ave. fares rose 42% to €49 thanks to a strong Easter.
- Total fleet of 558 aircraft at 30 Jun.
- Outlook: We expect FY24 traffic to grow to approx. 183.5M (up 9%), which is slower than the 185M originally expected, due to Boeing delivery delays in spring and in autumn 2023.
- "FY24 fuel requirements are almost 85% hedged at approx. $89bbl (with a mix of swaps and caps) and FY25 hedging has increased to 27% at approx. $74bbl. Over 90% of FY24 €/$ opex is hedged at 1.08 and approx. 50% of FY25 is hedged at 1.12. Our B-8200 “Gamechanger” order book is fully hedged at €/$1.24 (locking in significant cost savings as we take delivery of these more fuel efficient and quieter aircraft)," the company said in a statement.
For further details see:
Ryanair Holdings GAAP EPS of €0.58, revenue of €3.65B