Ryanair quarterly profit declines


Ryanair quarterly profit declines

Tuesday, 23 Jul, 2024 0

Ryanair Holdings plc reported a Q1 profit of €360m, which is down by nearly a half on last year.

However, passenger numbers fared well at 55.5m customers, up 10%.

This was offset by half of Easter falling into PYQ4.

Q1 scheduled revenue fell 6% to €2.33bn.

Fares were lower overall by 15%, in part to the absence of the first half of Easter which fell in March, and more price stimulation than expected.

Ancillary sales were up 10% to €1.30bn.

As a result, total revenue declined 1% to €3.63bn.

Operating costs increased 11% to €3.26bn, marginally ahead of traffic growth.

Ryanair had €4.49bn gross cash liquidity at the quarter end, while net cash increased to €1.74bn.

Looking ahead, FY25 traffic is expected to grow 8% (198m to 200m passengers), as long as the Boeing delivery delays do not deteriorate further. 

Related News Stories:  TravelTech Show: AI a top priority for travel investment     Visit Orlando – TravelMole     easyJet Holidays – TravelMole     Holiday Extras – TravelMole     Partner News – TravelMole    



 

profileimage

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.



Most Read

Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns

James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel

Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination

Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics

Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy

Bubba O’Keefe on Clarksdale’s Vibrant Music Scene

Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee

Craig Ray and the Expansion of the Blues Trail

Presenting Mississippi’s Cultural Trails with Katie Coats

Robert Terrell: A Journey Through BB King’s Influence

Rochelle Hicks: Celebrating Mississippi’s Musical Legacy

Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
TRAINING & COMPETITION

Our emails to you has bounced travelmole.com Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for TravelMole.com so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari