Ryanair Holdings has reported an unchanged H1 net profit of €1.15 billion.
During the first six months of the year, the airline's traffic grew 11% to 86 million travellers, while its revenue per guest rose 1% and €250 million was returned to shareholders under a €700 million buyback programme.
Additionally, Ryanair opened new bases in Bordeaux, Marseille, Toulouse, Southend and Berlin during the period, and Georgia and Armenia became the 39th & 40th countries, respectively, in the airline's network.
Outlook
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Enjoy full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue.Ryanair said that its outlook for the remainder of the year remains cautious. It expects its full year traffic will grow 8% to 153 million travellers, and anticipates that its ancillary revenues will grow ahead of traffic growth, supporting full-year revenue per guest growth of 2% to 3%.
The airline expects its full year fuel bill to rise by €450 million and its ex-fuel unit costs to increase by 2%.
Ryanair also said that Lauda's losses will be higher than originally expected, and it is narrowing its full year guidance to a new range of €800 million to €900 million PAT.
The airline stated that this guidance is heavily dependent on close in H2 fares, Brexit and the absence of any security events.
© 2019 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.
