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Ryanair Q3 Profits Rise 12% To €106m

Published on Feb 9 2018 9:58 AM in General Industry tagged: Trending Posts / Ryanair / Michael O'Leary

Ryanair Q3 Profits Rise 12% To €106m

Ryanair has reported a 12% rise in Q3 profit to €106 million as average fares fell 4% to €32 per customer.  Additionally, traffic grew 6% to 30.4 million, with load factors up 1% to 96% and unit costs falling 1% (ex-fuel unit costs rose 3%).

Q3 Results (IFRS) Dec. 31, 2016 Dec. 31, 2017 % Change
Customers (m) 28.8 30.4 +6%
Revenue (m) €1,345 €1,405 +4%
Profit after Tax (m) €95 €106 +12%
Net Margin 7% 8% +1pt
Basic EPS €0.0760 €0.0893 +17%

Ryanair CEO Michael O’Leary said, "We are pleased to report this 12% increase in profits during a very challenging Q3. Following our pilot rostering failure in September, the painful decision to ground 25 aircraft ensured that punctuality of our operations quickly returned to our normal 90% average.  Our AGB customer service programme, coupled with 4% lower fares, stimulated 6% traffic growth to 30.4 million at an industry leading 96% load factor."

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