\n\tRyanair Holdings (#RYAAY) reported a remarkable turnaround in its financial performance, achieving a staggering \u20ac1.43 billion profit for the full year, a significant improvement from the \u20ac355 million loss recorded in the previous year. Also, its revenue witnessed a substantial surge, reaching \u20ac10.78 billion (+124%). Several factors contributed to this impressive feat, including a robust revival in traffic, fare increases, an industry-leading cost base, and profitable fuel hedging strategies.\n\t<\/p>\n\t
\n\t\tOperating figures for FY2023<\/strong>\n\t\t \n\tRyanair aims to achieve a 10% increase in traffic, targeting approximately 185 million passengers this year. However, Boeing\u2019s recent delivery delays may result in some of that growth being deferred to the second half of the year, which typically yields lower margins. Fuel costs in FY24 are projected to rise by over \u20ac1 billion, despite utilizing an economical fleet, owing to escalating oil prices. Despite outperforming competitors, Ryanair anticipates modest growth in unit costs (excluding fuel) due to factors such as annual wage recovery, high summer crew ratios, and higher route fees. The B737 Gamechanger deliveries in the first half of the year aren\u2019t expected to fully offset these cost increases. So far, summer demand remains stable, with peak fares exceeding last year\u2019s figures. The forecast heavily relies on avoiding adverse events such as war or further delays in Boeing\u2019s deliveries.\n<\/p>\n","protected":false},"excerpt":{"rendered":" Ryanair Holdings (#RYAAY) reported a remarkable turnaround in its financial performance, achieving a staggering \u20ac1.43 billion profit for the full year, a significant improvement from the \u20ac355 million loss recorded in the previous year.<\/p>\n","protected":false},"author":1,"featured_media":18617,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[204],"class_list":["post-18616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economics-en","tag-economics"],"yoast_head":"\n
\n\n\t\t■ <\/strong>Traffic soared by 74% to 168.6 million passengers, a solid 13% increase compared to FY20.\n\t\t
\n\n\t\t■ <\/strong>Fares were raised by 10% to pre-COVID levels.\n\t\t
\n\n\t\t■ <\/strong>Unit costs, excluding fuel, dropped to \u20ac31.\n\t\t
\n\n\t\t■ <\/strong>The fleet now comprises 537 aircraft, including the addition of 98 B737-8200 Gamechangers as of March 31.\n\t\t
\n\n\t\t■ <\/strong>Five new bases and approximately 300 new routes were established.\n\t\t
\n\n\t\t■ <\/strong>Significant market share growth was achieved in Italy, Poland, Ireland, and Spain.\n\t\t
\n\n\t\t■ <\/strong>An order for 300 MAX-10 aircraft was signed, aiming to upgrade the fleet and accommodate the traffic of 300 million passengers per year by FY34.\n\t\t
\n\n\t\t■ <\/strong>Fuel for FY24 is 85% hedged at $89 per barrel.\n\t<\/p>\n\n\n\tAbout growth\n<\/h3>\n\n\t
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\n\tBalance sheet and liquidity\n<\/h3>\n\n\t
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\n\t\tForecast\n\t<\/h3>\n\n