Financial Performance - Q1 2025 started slowly for Ryanair, with profits declining partly due to the absence of the Easter effect, which impacted previous results [2] - Ryanair's sales declined by 1% compared to last year, with ancillary top-line sales reaching €1.30 billion (approximately €23.40 per passenger) [2] - The company's net cash increased to €1.74 billion at June's end, a €400 million increase compared to March's end, driven by €500 million in CAPEX and share buybacks [2] - Ryanair reported core EBIT of €365 million, lower than the forecasted €540 million, with top-line sales of €3.6 billion compared to the projected €3.8 billion [6] - Adjusted net income reached €1.45 billion with an EPS of €1.55, despite a 49% decline in Q1 EBIT [6] Operational Updates - Ryanair received 10 B737-8200 planes in Q1, reducing fuel consumption by 16% and offering 4% more seats [2] - The company opened five new bases with over 200 new routes for the summer of 2024, expanding its EU footprint [2] - Ryanair expects traffic growth of 8% to 200 million passengers for the full year, assuming no further delays in Boeing aircraft deliveries [4] - The company is working with Boeing to improve quality and deliveries, with 156 B737 Gamechangers in the fleet as of June 30 [12] - Ryanair extended its fuel hedges to 75% for FY25, locking in potential savings of over €450 million [6] Market and Industry Trends - EU short-haul capacity remains constrained due to significant maintenance from P&W engine repairs and airline delivery backlogs [2] - Ryanair's Gamechanger Strategy is expected to offer a decade of low-fare profitable growth, despite capacity constraints [2] - Average fares are down by 15%, signaling bigger-than-expected weakness for European airlines this summer [4] - The company faces competition from Wizz and EasyJet, along with potential delays in B737 MAX aircraft deliveries [8] - Consumer demand is softening, with lower fares and increased fare sales by low-cost carriers [10] Strategic Initiatives - Ryanair is progressing with its share buyback program, with room for an additional €350 million repurchase [2] - The company has completed over 50% of its €700 million share buyback program [12] - Ryanair is focusing on the delivery of the next 50 B-8200s before S.25, despite Boeing delays [13] - The company's balance sheet remains one of the strongest in the industry, supported by dividend payments and share repurchases [2] Valuation and Outlook - Ryanair's stock price is down by approximately 17% following the Q1 2025 update [10] - The company's valuation aligns with its historical average on a FWD P/E, with a target of €15.5 per share [14] - Despite a consumer slowdown, Ryanair's medium-term outlook remains optimistic, supported by its unique cost basis and solid balance sheet [14] - The company's load factor was 94%, one basis point lower than last year's results [6] - Ryanair's fuel savings partially offset the earnings decline projection from lower fares expected in Q2 [6]

Ryanair Holdings plc (NASDAQ:RYAAY) Q1 2025 Results Conference Call July 22, 2024 5:00 AM ET Company Participants Stephen Furlong - Davy Jarrod Castle - UBS Alex Irving - Bernstein Harry Gowers - JPMorgan Dudley Shanley - Goodbody Jaime Rowbotham - Deutsche Bank James Hollins - BNP Paribas Sathish Sivakumar - Citi Savanthi Syth - Raymond James Duane Pfennigwerth - Evercore ISI Muneeba Kayani - Bank of America Gerald Khoo - Liberum Alex Paterson - Peel Hunt Johannes Braun - Stifel Michael OÂ'Leary We reporte ...

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 ...