In the first fiscal quarter, ending in June, low-cost airline Ryanair recorded a net profit of EUR 397 million, an increase of 55%. Revenues rose by 13% to EUR 1.68 billion.
The average ticket price in the April – June 2017 period increased by 1% to EUR 40.3. The company expects a 5% decline in prices between March and September 2017 and an 8% decline between September 2017 and March 2018.
In the last two years, Ryanair has increased its capacity by 33%, or approximately 30 million seats, to meet growing demand.
Additionally, the company maintained its estimates for a pre-tax profit of EUR 1.40 – 1.45 billion in the fiscal year ending March 31, 2018, while analysts expect EUR 1.488 billion.
Source: Economica
Frequently Asked Questions
What was Ryanair’s net profit in Q1 2017?
Ryanair recorded a net profit of EUR 397 million, representing a 55% increase compared to the same period of the previous year.
How did Ryanair’s ticket prices change?
The average ticket price rose by 1% to EUR 40.3 in the April-June 2017 period, though the airline anticipates price drops in the coming months.
What is the profit forecast for the full fiscal year?
The company maintains its pre-tax profit guidance of EUR 1.40 – 1.45 billion for the fiscal year ending March 31, 2018.