Ryanair, net profit +42% in the first six months due to fare increases
The cost of airline tickets increased by 13% compared to a 7% drop last year. 207 million passengers expected this year
by Mara Monti
Key points
- net
Crescita a due cifre degli utili netti per la compagnia low cost Ryanair che nei primi sei mesi dell’anno finanziario concluso a settembre ha riportato una crescita del 42% a 2,54 miliardi di euro, oltre le previsioni degli analisti. Il vettore ha trasportando 119 milioni di passeggeri (+3) con un fatturato di 9,82 miliardi di euro (+13%), risultato ottenuto grazie all’aumento delle tariffe 13% nel periodo. Al contrario lo scorso anno le tariffe erano scese del 7 per cento. Il fatturato delle voci ancillari (bagagli, pasti a bordo) è cresciuto del 3% nel periodo. Nel secondo trimestre il vettore ha riportato una crescita degli utili netti del 20% a 1,72 miliardi di euro. Il titolo Ryanair è in rialzo dell’1,51% dopo avere aperto in territorio negativo poi recuperando le perdite. Le azioni di Ryanair hanno registrato un aumento del 37% circa da inizio anno, rispetto alle compagnie low cost concorrenti EasyJet e Wizz Air che hanno registrato un calo rispettivamente del 14% e del 27%.
During a call with analysts, CEO Michael O'Leary pointed out that demand growth was strong in October, and continued in November including the Christmas period. However, it is difficult to make forecasts for the following months.
Ryanair expects to transport 207 million passengers in the financial year ending at the end of March, up from its previous forecast of 206 million, after receiving 23 new MAX 8 aircraft from Boeing in the first half of the year. The improvement in the passenger number target is a sign of Boeing's improvement in aircraft deliveries, after difficulties faced last year limited the growth prospects of the low-cost carrier, its largest customer in Europe. Delays in aircraft deliveries had forced the carrier to reduce its passenger traffic target several times in the past year.
The remaining six Max 8 aircraft ordered will be delivered 'well before' next summer, enabling traffic growth to 215 million passengers next year, Ryanair said. Certification of the new Max 10 is scheduled for mid-2026, and Boeing expects to meet the delivery dates set with Ryanair for the first 15 models in spring 2027. With the arrival of the new aircraft, Ryanair plans to launch a recruitment campaign for pilots and cabin crew.
With the delivery of the planes and the resulting cash outflow, from a financial point of view the carrier has repaid the bonds maturing last September for EUR 850 million and the next one in May for EUR 1.2 billion, made capital investments of EUR 1.1 billion and distributed EUR 400 million to shareholders, has net liquidity of EUR 1.5 billion from EUR 1.3 billion last year.
