Q1 2020 Ryanair Holdings PLC Earnings Call Transcript
Hello, and welcome to the Ryanair Q1 results conference call. (Operator Instructions) And just to remind you, this conference call is being recorded. Today, I'm pleased to present Michael O'Leary, CEO. Please go ahead with your meeting.
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Okay. Good morning, ladies and gentlemen. Welcome to the Ryanair Q1 results conference call. Neil is joining us by phone from London, and then I have most of the rest of the team with me here in Dublin.
As you'd have seen this morning, we reported 21% fall in Q1 profit to EUR 243 million. The key element of that was the 6% decline in average fares, 11% -- thus stimulating 11% traffic up to 42 million guests. Revenue per guest was flat at EUR 6.55 per passenger, largely due to a better-than-expected performance in ancillary revenues. We opened up 239 new routes and 4 new bases in Marseille, Bordeaux, Southend and Berlin. Malta Airlines became the fourth group airline. The Lauda Airbus fleet has grown to 20 A320s this year. We have
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