Ryanair Holdings has increased its profit target for 2015 by up to 26%, anticipating an increase in passenger numbers and ticket sales at better prices than initially expected.
For this fiscal year, the company estimates a net profit of EUR 1.175 billion – EUR 1.225 billion. Previous estimates predicted a net profit of EUR 940 million – EUR 970 million.
For the September-December period, Ryanair expects prices to stagnate, an improvement compared to the 8% decline initially forecast.
For this year, Ryanair estimates it will carry 104 million passengers, 1 million more compared to the previous estimate. At the beginning of this fiscal year, Ryanair estimated 100 million passengers.
Source: Wall-Street
Frequently Asked Questions
Why did Ryanair increase its profit target?
Ryanair raised its target due to higher-than-expected passenger numbers and stronger ticket pricing compared to initial forecasts.
What is the new profit forecast for Ryanair in 2015?
The airline now expects a net profit between €1.175 billion and €1.225 billion, up from the previous range of €940 million to €970 million.
How many passengers does Ryanair expect to carry this year?
Ryanair has revised its passenger estimate to 104 million, an increase from the 100 million projected at the start of the fiscal year.