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 ...

Ryanair Holdings plc (RYAAY) reported fourth-quarter fiscal 2024 (ended Mar 31, 2024) loss of $1.31 per share, which was narrower than the Zacks Consensus Estimate of $1.32 and improved year over year. Revenues of $2,356 million beat the Zacks Consensus Estimate of $2,332.7 million. Revenues improved year over year, driven by upbeat passenger volumes. On the back of the buoyant traffic scenario, RYAAY's profit after tax of €1.92 billion increased 34% year over year. Total operating costs grew 24% to €11.38 ...

Financial Data and Key Metrics Changes - The company reported a profit after tax growth of 34% to €1.92 billion, with traffic growing 9% to 184 million passengers, which is 23% more than pre-COVID levels [1][51] - Revenue increased by 25% to €13.4 billion, driven by a 21% increase in average fare and solid ancillary revenue performance [51] - Operating costs rose by 24% to just over €11.3 billion, primarily due to a 32% increase in fuel costs, adding €1.25 billion to the fuel bill [51][30] Business Line Data and Key Metrics Changes - Ancillary revenue per passenger increased by 3% to just over €23.40 [30] - The company took delivery of 146 new Boeing 737 Gamechanger aircraft, bringing the fleet to just under 600 aircraft [1] Market Data and Key Metrics Changes - The company anticipates strong demand for summer 2024, with forward bookings trending ahead of last year, despite some pricing softness [2][75] - The company expects to operate its largest ever summer schedule with over 200 new routes and five new bases [1][75] Company Strategy and Development Direction - The company aims to grow to 300 million passengers by FY34, supported by a significant order of 300 Boeing 737 MAX 10 aircraft [9][43] - The company is focusing on maintaining a strong balance sheet while returning funds to shareholders through dividends and share buybacks [25][66] Management Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for peak summer 2024, expecting fares to be flat to modestly ahead of summer 2023 [2][29] - The company highlighted the importance of avoiding adverse events such as geopolitical conflicts and delivery delays from Boeing for future profitability [2] Other Important Information - The company has upgraded its ESG ratings, achieving an MSCI A rating and an A- from the Climate Disclosure Project [1][54] - The company is working with various online travel agencies (OTAs) to ensure fair pricing for consumers and to eliminate overcharging practices [4][36] Q&A Session Summary Question: What were the key drivers for the reported PAT of €1.92 billion? - The key drivers included a 9% increase in traffic, a 21% increase in average fares, and solid ancillary revenue performance [17] Question: What is the current fuel hedging position? - The company is 70% hedged for the full year out to March 2025 at about $79 per barrel, resulting in a €450 million saving compared to last year's hedge rate [31][43] Question: What are the details of the share buyback? - The Board approved a €700 million share buyback, which will be balanced between EU and non-EU shareholders [66][70]

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Irish no-frills carrier Ryanair on Monday said group net profit jumped a third to 1.92 billion euros in its financial year as higher demand and fares offset ballooning fuel costs. Profit after tax climbed 34 percent to the equivalent of $2.1 billion in the 12 months to the end of March for the airline that flies mostly across Eur ...