Ryanair: annual results better than expected
(CercleFinance.com) - The Irish low cost airline's annual revenues increased by over 190% to 4.
80 billion euros (year ended 31 March 2022).
Traffic recovered strongly from 27.5 million to 97.1 million passengers.
Operating costs increased by 113% to 5.27 billion euros (including a 237% jump in fuel costs to 1.83 billion euros).
However, the company made an annual loss of 355 million euros, wish a lost less than the loss of 1,015 million euros last year. Oddo points out that annual results to end-March 2022 are better than expected (Oddo BHF: -E379m, Consensus -E370m)
Ryanair expects to increase traffic in FY2023 to 165m (from 97m in FY2022 and 149m before Covid).
The share is flying high on this news this morning - up about 3.5% an hour into trading.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
80 billion euros (year ended 31 March 2022).
Traffic recovered strongly from 27.5 million to 97.1 million passengers.
Operating costs increased by 113% to 5.27 billion euros (including a 237% jump in fuel costs to 1.83 billion euros).
However, the company made an annual loss of 355 million euros, wish a lost less than the loss of 1,015 million euros last year. Oddo points out that annual results to end-March 2022 are better than expected (Oddo BHF: -E379m, Consensus -E370m)
Ryanair expects to increase traffic in FY2023 to 165m (from 97m in FY2022 and 149m before Covid).
The share is flying high on this news this morning - up about 3.5% an hour into trading.
Copyright (c) 2022 CercleFinance.com. All rights reserved.