Now trading at its lowest levels since November, RYAAY is down 27.9% since the start of the year. The 50-day moving average has also been a firm line of pressure since April, as the stock fell from its April 8 record high of $150.73. Analysts have yet to chime in on the earnings event, though there is plenty of room for pessimism. Of the 10 brokerages in coverage, six carry a "buy" or better rating, and four a tepid "hold," with no negative ratings. Plus, the 12-month consensus price target of $151.25 is a ...

Core Insights - Ryanair reported a first-quarter profit of 360 million euros ($391.6 million), which is nearly a 50% decline compared to EUR663 million in the same quarter last year [4][5] - Average fares decreased by 15% year-over-year to EUR41.93, although this was partially offset by a 10% increase in customer numbers to 55.5 million [4][5] - The company anticipates that summer fares will be "materially lower than last summer," a shift from previous expectations of fares being "flat to modestly up" [5][6] Financial Performance - First-quarter profit was reported at 360 million euros ($391.6 million), down from EUR663 million in the previous year [4][5] - Average fares fell by 15% year-over-year to EUR41.93 [4] - Customer numbers increased by 10% to 55.5 million [4] Market Reaction - Ryanair's American depositary receipts (ADRs) fell more than 17% to $94.12, marking a nearly 30% decline in 2024 [2][5] Operational Challenges - The company experienced significant deterioration in European air traffic control capacity in the last 10 days of June, leading to multiple flight delays and cancellations, particularly affecting morning flights [5]

Ryanair (NASDAQ:RYAAY) stock is dropping on Monday after the company provided investors with its earnings results for its fiscal first quarter of 2025. The company's negative earnings report for fiscal Q1 also includes profits of 360 million euros. To put that in perspective, the company reported a profit of 662.9 million euros in the same period of the year prior. "In the last 10 days of June we suffered a significant deterioration in European ATC capacity which caused multiple flight delays and cancellati ...

Core Points - Ryanair's shares dropped by 11.4% following the announcement of weaker-than-expected profits and fare expectations [1][8] - The company reported a profit after tax of 360 million euros ($392 million) for the first quarter, a 46% decrease from 663 million euros in the same period last year [5][8] - Despite a 10% increase in passenger traffic to 55.5 million during the quarter, the company indicated that pricing remains softer than anticipated [6][7] Summary by Categories Financial Performance - Ryanair's profit after tax for the three months ending in June was 360 million euros ($392 million), down from 663 million euros year-over-year [5] - The quarterly profit decline of 46% is attributed to weaker-than-anticipated fares and the Easter season falling into the previous quarter [2][8] Passenger Traffic - The airline experienced a 10% increase in passenger traffic, reaching 55.5 million during the quarter [6] Future Expectations - Ryanair's CEO, Michael O'Leary, stated that fares are expected to be lower than previously anticipated over the next three months, indicating a shift from earlier expectations of flat to modestly increased fares [3][7]

Group 1: Ryanair Holdings (RYAAY) Performance - Ryanair reported solid traffic numbers for June 2024, with 19.3 million passengers transported, reflecting an 11% year-over-year increase [7] - Traffic increased by 9% in fiscal 2024, with management expecting an 8% growth in fiscal 2025, contingent on Boeing deliveries returning to contracted levels [2] - The June load factor was 95%, remaining flat sequentially and year-over-year, but higher than the 92% in April 2024 and 93% in March 2024 [4] Group 2: Operational Metrics - Ryanair operated over 106,000 flights in June 2024, an increase from 105,000 in May 2024, 98,400 in April 2024, and 77,000 in March 2024, despite nearly 400 flights being canceled due to air traffic control delays [10] - The traffic in June was significantly higher than previous months, with May at 18.9 million, April at 17.3 million, and March at 13.6 million [7] Group 3: Market Position and Rankings - Ryanair currently holds a Zacks Rank 3 (Hold) [5] - Other stocks in the transportation sector with better rankings include SkyWest, Inc. (SKYW) and Trinity Industries, Inc. (TRN), both carrying a Zacks Rank 2 (Buy) [11]

Cristi Croitoru 十 233 apts., 37 countries V Europe's No. 1 Coverage & Choice + 600 aircraft S.24 – 350 on order ✈ 300m pax p.a. FY34 Source: Ryanair Fiscal Year 2024 Results Ryanair Rating Update 1. (A softer pricing environment). During the Fiscal Year 2024 results conference call, by CEO Michael O'Leary's own admission, the company is cautiously optimistic that peak summer 2024 fares will likely be flat to modestly ahead compared to last summer. This happened after two consecutive years of very material f ...

Financial Performance - Ryanair Group reported FY24 PAT of €1.92 billion, a 34% increase, with scheduled revenue rising 32% to €9.15 billion [282]. - Total FY24 revenue increased by 25% to €13.44 billion, with ancillary sales up 12% to €4.3 billion [282]. - The company reported a turnover of €13,444 million from taxonomy-eligible activities, which constitutes 100% of the total turnover [264]. - The total operating revenues for FY24 reached €13,444 million, with scheduled revenues of €9,145 million and ancillary revenues of €4,299 million [258]. - The company reported a revenue of €2.18 million, an increase from €2.07 million in the previous period, reflecting a growth of approximately 5.3% [267]. - The company plans to return approximately 25% of prior-year PAT to shareholders as ordinary dividends starting from FY25 [14]. - A maiden interim dividend of €0.175 per share was paid in February, with a final dividend of €0.178 per share expected after the 2024 AGM [15]. - Operating costs rose by 24% to €11.38 billion, primarily due to a 32% increase in fuel costs [283]. - The total operating expenses outside the scope of EU Taxonomy Regulation amounted to €10,968 million, highlighting significant operational costs [260]. Sustainability Initiatives - Ryanair aims to power 12.5% of its flights with Sustainable Aviation Fuel (SAF) by 2030, having secured 1,000 tonnes of SAF at Stansted in FY24 [229]. - The Group's carbon intensity improved to 65g CO₂ per passenger/km in FY24, down from 66g CO₂ per passenger/km in FY23 [224]. - Ryanair has secured 10% of its Sustainable Aviation Fuel (SAF) requirements for 2030, with a target of reaching 12.5% [30]. - The Group's ongoing cost reductions and cash management strategies have been effective, as evidenced during the Covid-19 crisis [209]. - Ryanair has secured access to 80% of its 2030 sustainability goal, with Sustainable Aviation Fuel (SAF) expected to account for 34% of emissions reduction [230]. - The company is actively monitoring jet fuel consumption by aircraft to comply with sustainability reporting obligations [263]. - The overall expenditure on sustainable aviation fuel usage is being tracked to align with technical screening criteria [260]. - The partnership with Trinity College Dublin's Sustainable Aviation Research Centre has been extended for another 5 years with a commitment of €2.5 million [232]. Operational Efficiency - The delivery of 48 Boeing 737-8200 "Gamechanger" aircraft increased the fleet to 146, which carry 4% more passengers and burn 16% less fuel [225]. - The company has ordered 300 Boeing 737-MAX-10 aircraft to support traffic growth to 300 million passengers per annum by FY34 [15]. - The fleet grew to 590 aircraft, including 48 Boeing 737-8200 "Gamechanger" aircraft, which allow for 4% more passengers and 16% less fuel consumption [26][39]. - Fuel costs for FY25 are over 70% hedged, securing significant price savings [286]. - The company is investing in new technology development, focusing on enhancing user experience and operational efficiency [267]. Customer Satisfaction - Ryanair's Customer Satisfaction (CSAT) score for FY24 was 85%, exceeding the internal target of 82.5% despite operational disruptions [244]. - The company achieved a 95% customer satisfaction rate, maintaining consistent performance across its service offerings [267]. - Ryanair's customer satisfaction (CSAT) scores improved, and passengers saved over €5 billion by choosing Ryanair over higher fare competitors [21]. Growth and Expansion - Traffic grew by 9% to almost 184 million passengers, while average fares increased by 21% to just under €49.80 [282]. - The company opened 5 new bases and over 200 new routes for Summer 2024, supporting growth plans [286]. - The company is exploring potential acquisition opportunities to bolster its product portfolio and enhance competitive positioning [267]. - Market expansion efforts are underway, targeting new geographic regions to increase market share and customer base [267]. - Ryanair has signed multi-year pay agreements with most union partners and recruited over 4,000 new employees [36]. Governance and Compensation - The Group CEO's base salary for FY24 is set at €1.2 million, with a maximum annual bonus reduced to 50% of basic pay [287]. - The Group CEO's total compensation for FY24 amounted to €1.788 million, a 93% increase compared to FY23 [293]. - The average percentage change in employee remuneration from FY24 compared to FY23 was an increase of approximately 7% [299]. - Non-Executive Director compensation was reviewed in 2023, resulting in a structured base fee of €75,000 per annum, with additional fees for specific roles [296]. - The Directors' Remuneration Policy received 73% approval at the 2023 AGM, indicating shareholder support for the company's compensation practices [324]. Risk Management - The Group's risk management program includes regular monitoring of key risks by the Audit Committee and Management Committee [200]. - The internal audit function has unrestricted access to the Audit Committee, ensuring oversight of financial, IT, and business processes [200].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended: March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT/ TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ...

Core Viewpoint - Ryanair is experiencing a significant rebound in passenger volumes due to increased air traffic, although it faces challenges from rising operating expenses, particularly fuel costs [1][5][9]. Group 1: Passenger Volumes and Traffic Growth - In fiscal 2024, Ryanair's passenger traffic grew by 9% year over year, with an anticipated 8% increase for fiscal 2025, dependent on Boeing's aircraft deliveries [1]. - The company is expanding its network and fleet in response to improving air travel demand, having ordered an additional 75 Boeing 737 MAX jets [10]. Group 2: Financial Performance and Operating Expenses - Ryanair's total operating expenses increased by 24% year over year in fiscal 2024, primarily due to a 32% rise in fuel and oil costs [5]. - The current ratio at the end of fiscal 2024 was 0.91, indicating potential liquidity issues as it suggests the company may not have sufficient cash to meet short-term obligations [2]. Group 3: Stock Performance and Market Position - Shares of Ryanair (RYAAY) have risen 11.4% over the past year, outperforming the industry average growth of 5% [4]. - Ryanair's efforts to upgrade its fleet and manage costs are crucial for maintaining its competitive position in the market [9].

Ryanair Holdings (RYAAY) reported solid traffic numbers for May 2024, driven by upbeat air-travel demand. The number of passengers transported on Ryanair flights was 18.9 million in May 2024, reflecting an 11% year- over-year increase. RYAAY's traffic in May was much more than the April reading of 17.3 million and the March reading of 13.6 million. Notably, RYAAY operated more than 105,000 flights in May 2024. This marks an improvement from 98,400 flights operated in April 2024 and 77,000 flights operated i ...