Ryanair Holdings (RYAAY) reported solid traffic numbers for June 2024, driven by upbeat air-travel demand. Ryanair continues to benefit from improved traffic growth. Traffic increased 9% in fiscal 2024. Management expects fiscal 2025 traffic to grow 8%, subject to Boeing deliveries returning to contracted levels before the year-end. SKYW flaunts a VGM Score of A and has a market capitalization of $3.28 billion. The Zacks Consensus Estimate for SKYW's 2024 earnings per share has moved up 6.9% in the past 90 ...

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 ...

Ryanair's passenger volumes have surged over the past few months, driven by a strong rebound in air traffic from the COVID-19 lows. In fiscal 2024, traffic grew by 9% year over year. For fiscal 2025, Ryanair anticipates an 8% increase in traffic, contingent on Boeing delivering aircraft at contracted levels by year-end. Image Source: Zacks Investment Research Ryanair's current ratio (a measure of liquidity) stood at 0.91 at the end of the fourth quarter of fiscal 2024, raising liquidity concerns. A current ...

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 ...

Ryanair Holdings plc (NASDAQ:RYAAY) Q4 2024 Results Conference Call May 20, 2024 5:00 AM ET Company Participants Michael O'Leary - CEO Neil Soraha - CFO Peter Larkin - Head of IR Michael O'Leary All right. So good morning, ladies and gentlemen. Welcome to the Ryanair Full Year Results. I'm Michael O'Leary, the Group CEO. And I'm joined this morning by Neil Sorahan, the Group CFO. Earlier this morning, we published the full year results for the last 12 months ended 31 March, 2024. In that, we recorded a full ...

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 ...

Revenue Growth - Scheduled revenues increased by 32% to €9.15 billion, driven by a 9% traffic growth from 168.6 million to 183.7 million and a 21% increase in average fare to approximately €49.80[39] - Ancillary revenues rose by 12% to €4.30 billion, with discretionary spending per passenger increasing to approximately €23.40[40] - Total revenues increased by 25% to €13.44 billion[41] - Scheduled revenue for the year ended March 31, 2024, was €9,145.1M, an increase from €6,930.3M in the previous year, representing a growth of 32.4%[77] - Ancillary revenue reached €4,298.7M for the year ended March 31, 2024, compared to €3,844.9M in the previous year, marking an increase of 11.8%[79] - Revenue from Italy, Spain, and the United Kingdom for the year ended March 31, 2024, was €2,853.3M, €2,416.2M, and €2,031.0M respectively, contributing significantly to total revenue[79] Expenses and Costs - Fuel and oil expenses rose by 32% to €5.14 billion due to higher jet fuel prices and an 8% increase in sectors flown[42] - Staff costs increased by 26% to €1.50 billion, attributed to a larger fleet and restoration of Covid-19 pay reductions[43] - Airport and handling charges increased by 20% to €1.48 billion, driven by 9% traffic growth and higher ground handling rates[44] - Depreciation increased by 15% to €1.06 billion, primarily due to the delivery of 48 new "Gamechanger" aircraft[45] - Capital expenditure for the year ended March 31, 2024, was €1,969.3M, primarily reflecting aircraft deliveries and capitalized maintenance[81] Profitability - The reportable segment profit after income tax for the year ended March 31, 2024, was €1,917.1M, up from €1,428.0M in the previous year, reflecting a growth of 34.3%[77] - The Group's net finance income for the year ended March 31, 2024, was €61.8M, compared to a net finance expense of €34.4M in the previous year[77] Financial Position - Gross cash at March 31, 2024, was €4.12 billion, despite €2.39 billion in capital expenditures and over €1 billion in debt repayments[50] - Shareholders' equity increased by €1.97 billion to €7.61 billion, primarily due to a €1.92 billion net profit[52] - The Group's liquidity position included €4.12BN gross cash and €1.37BN net cash at March 31, 2024[98] - Total segment assets as of March 31, 2024, amounted to €17,175.6M, compared to €16,405.9M as of March 31, 2023, indicating an increase of 4.7%[77] Shareholder Returns - A total of €200M in dividends was paid for the year ended March 31, 2024, with a proposed final dividend of €0.178 per share[96] - The Group approved a €700M share buyback program subsequent to the year-end[99] Fleet and Operations - The Group has an operating fleet of 557 Boeing 737 and 27 Airbus A320 aircraft, with plans to take delivery of the remaining Boeing 737-8200 aircraft by the end of FY25[74] - The Group has a strong balance sheet with a fleet of 556 owned B737 aircraft unencumbered[103] Risk Management - Approximately 70% of FY25 jet fuel requirements were hedged as of March 31, 2024[103] - Strong cost control measures are implemented across the Group[103] - The Group has access to debt capital markets, including unsecured/secured bank debt and sale & leaseback transactions[103] - The Group holds a BBB+ (stable) credit rating from both S&P and Fitch Ratings[103]