Ryanair Reports Flat H1 Profit Of €1.15bn
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.
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.
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