Q1 2025 Ryanair Holdings PLC Earnings Call Transcript
Key Points
- Ryanair Holdings PLC (RYAAY) reported a 10% increase in traffic to 55.5 million passengers in Q1.
- The company has extended its fuel hedges, saving over $450 million in the current year.
- Ryanair Holdings PLC (RYAAY) is 75% hedged for FY25 at just under $80 per barrel, providing significant cost savings.
- The company has a rock-solid balance sheet with a B+++ rating and strong liquidity of EUR4.5 billion in gross cash.
- Ryanair Holdings PLC (RYAAY) continues to lead in ESG ratings, being the number-one-rated airline by Sustainalytics.
- Q1 profit fell by 46% to EUR360 million due to lower airfares and increased operating costs.
- Revenue per passenger decreased by 10%, and average fares were down 15% in Q1.
- The company faced significant delays in Boeing aircraft deliveries, being 20 aircraft short for the summer schedule.
- European ATC capacity issues caused multiple flight delays and cancellations, impacting operations.
- Pricing remains softer than expected, with Q2 fares projected to be materially lower than last summer.
' -
So good morning, ladies and gentlemen, and welcome to the Ryanair Q1 results conference call. I am, as usual, joined this morning by Neil Sorahan, our Group CFO. As you'll have seen earlier this morning on the ryanair.com website, we posted our Q1 results reported Q1 profit down 46% to EUR360 million profit after tax, as traffic grows 10% to 55.5 million, but 15% lower airfares in Q1.
The highlights of the quarter included traffic growth of 10% to 55.5 million, this despite repeated Boeing delivery delays. Revenue per passenger fell 10%. Average fares were down 15%. Some of that was due to the move of the first half of Easter into March and out of April, whereas ancillary revenues were flat.
We have 156 Boeing 737 gamechangers in the fleet at June 30. That's however 20 less than Boeing's contracted deliveries. We've launched a record summer schedule with five new bases and over 200 new routes in our summer 2024 schedule. We're signing up multiple approved OTA partnerships which
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investorsā 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
