Q1 Profit Up 25% To €245m

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Q1 Profit Up 25% To €245m

Post by Ryanair Ltd. on Wed 29 Jul 2015 - 16:32

Ryanair's 1st Quarter profit up to 245m€.

MOL statement:

“We are pleased to report strong growth in traffic and profits in Q1.  Our mix of low fares, best on time performance (91% in Q1) and enhanced customer experience under our “Always Getting Better” (“AGB”) programme, continues to attract millions of new customers.   At the same time our focus on cost (Q1 unit costs fell 7%) enables us to pass on lower fares to customers.  Q1 average fare fell 4% to just €45, due to the timing of Easter, weaker April yields and lower checked bag penetration as more families and business customers enjoy discounts on their luggage or benefit from our free 2nd carry-on bag policy.  

New Routes and Bases:

We continue to be inundated with growth offers from primary and secondary airports, whose incumbent carriers are cutting capacity and traffic.  These new airports, along with our 72 existing bases offer significant growth opportunities as we embark on our new B737-800 programme.  This winter we take delivery of 31 aircraft which (net of lease returns), means our fleet will increase to 340 B737-800’s by year end.

In September we open our 6th German base in Berlin where we have a 5% share of the German market and expect to grow this strongly over the next 5 years.  Gothenburg (our 2nd Swedish base) will also open in September.  In November, Israel will become our 31st country served when we start flights to Eilat Ovda Airport from Budapest, Kaunas and Krakow.

Two weeks ago we decided, in the best interests of our customers and people, to close our 2 Danish bases in Copenhagen and Billund.  This followed threats by the Danish Unions who admitted that they had no members among our Copenhagen pilots or cabin crew to get their members (competitor airline employees) to blockade/disrupt our flights.  By moving the aircraft from Copenhagen and Billund to airports outside Denmark the unions have no legal basis for imposing these threatened disruptions, which allows us to continue to grow strongly in Copenhagen without union interference.

corporate.ryanair website:
- See more at: http://corporate.ryanair.com/news/news/150727-q1-profit-up-25-to-245m-higher-loads-as-traffic-grows-16-to-28m/?market=en#sthash.rDdEePVp.dpuf
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Re: Q1 Profit Up 25% To €245m

Post by Ryanairflyer on Sun 30 Aug 2015 - 9:25

Give Us Some 1€ flights to celebrate then... Very Happy

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Re: Q1 Profit Up 25% To €245m

Post by Ryanair Ltd. on Thu 10 Sep 2015 - 17:37

Yea right. We wish so...
They are getting richer and richer every time.
GIVE US 1 EURO FLIGHTS AGAIN! or LOWER THE FARES!
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Re: Q1 Profit Up 25% To €245m

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