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☆ Capacity will be 'strained' for some time, says Ryanair CFO
▼ + stars: | 2024-05-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCapacity will be 'strained' for some time, says Ryanair CFONeil Sorahan, CFO of budget carrier Ryanair, discusses earnings and the airline industry on CNBC's "Squawk Box Europe."

Persons: Neil Sorahan Organizations: Ryanair

☆ Budget airline Ryanair posts record annual profit as passenger numbers soar above pre-Covid level
▼ + stars: | 2024-05-20 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Low-cost carrier Ryanair on Monday reported its best-ever annual profit, as passenger and revenue growth offset sharply higher operating costs. The Dublin-based firm said full-year profit after tax jumped 34% to 1.92 billion euros ($2.09 billion), and announced a 700-million-euro share buyback program. Revenue rose 25% year-on-year to 13.44 billion euros as the airline served 184 million passengers, 23% more than before the Covid pandemic. Ryanair Chief Financial Officer Neil Sorahan told CNBC's "Squawk Box Europe" Monday that its share buyback reflected a "very strong" balance sheet. "Our priorities have been very much: restore the pay for our people after Covid, bring in pay increases, pay down the debt," he said.

Persons: Neil Sorahan, CNBC's, we've, actualy Organizations: Ryanair, Revenue Locations: Dublin

☆ Ryanair Group CFO on fiscal Q3 earnings, Boeing's safety concerns and travel outlook
▼ + stars: | 2024-01-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRyanair Group CFO on fiscal Q3 earnings, Boeing's safety concerns and travel outlookRyanair Group CFO Neil Sorahan joins 'Squawk Box' to discuss the company's quarterly earnings results, Boeing's safety concerns, state of air travel, 2024 outlook, and more.

Persons: Neil Sorahan Organizations: Ryanair

☆ Ryanair trims annual profit forecast after travel agents halt sales
▼ + stars: | 2024-01-29 | by ( ) www.cnbc.com time to read: +2 min

Ryanair on Monday trimmed its profit forecast for the year to the end of March after some online travel agents suddenly stopped selling its flights in December, forcing it to cut fares to fill seats as costs per passenger inched up. The airline, Europe's largest by passenger numbers, forecast an after-tax profit of between 1.85 billion and 1.95 billion euros ($2 billion to $2.1 billion) for its financial year to March 31. That is down from its November forecast of 1.85 billion and 2.05 billion euros, but would still beat its previous record of 1.45 billion euros in 2018. Net profit for the three months to the end of December, the third quarter of its financial year, was 15 million euros, significantly lower than the 49 million euros expected by analysts polled by the company. The fallout from the travel agents' move is beginning to "fizzle out," Sorahan said, with several agents approaching the airline to secure new, more transparent deals.

Persons: Neil Sorahan, Sorahan, Michael O'Leary, O'Leary Organizations: Ryanair Holdings, Stansted Airport, Manchester Airport Plc, Ryanair, Boeing Locations: Stansted

☆ Ryanair sees record annual profit, first regular dividend as fares soar
▼ + stars: | 2023-11-06 | by ( Conor Humphries | ) www.reuters.com time to read: +2 min

SummaryCompanies Fares up 24% during summer seasonProfit up 59% in six months to end-SeptemberFirst regular dividend of 400 mln eur due next yearDUBLIN, Nov 6 (Reuters) - Ryanair (RYA.I) on Monday forecast a record annual profit and promised to pay investors a regular dividend for the first time after fares soared 24% during the summer season. Europe's largest airline by passenger numbers said it expects an after-tax profit of between 1.85 billion and 2.05 billion euros for the year to end-March, easily beating its previous record of 1.45 billion euros in 2018. "We're pleased to report strong half year results ... due to a very strong Easter, record summer traffic," Group Chief Executive Michael O'Leary said in a video presentation. A maiden ordinary dividend of 400 million euros will be split between an interim payment of 200 million euros in February and a final dividend of 200 million euros in September next year. For subsequent financial years Ryanair plans to return approximately 25% of the after-tax profit posted the previous year by way of an ordinary dividend, the airline said.

Persons: We're, Michael O'Leary, Neil Sorahan, Sorahan, Conor Humphries, Simon Cameron, Moore, Kirsten Donovan Organizations: Ryanair, Europe's, Irish, Boeing, MAX, Thomson Locations: DUBLIN, Europe

☆ Ryanair cautious about winter travel after quarterly profit soars
▼ + stars: | 2023-07-24 | by ( ) www.cnbc.com time to read: +3 min

Ryanair on Monday struck a cautious tone about travel demand for the rest of the year and cut its passenger growth forecast due to Boeing delivery delays after its quarterly profit flew past pre-pandemic levels. Ryanair shares, up 26% so far this year on the back of a post-pandemic travel boom, were 4.3% lower at 15.74 euros in early trade. That compared to 170 million euros a year ago when the travel rebound began and beat the previous high for the first quarter of its fiscal year, 397 million euros in 2017. A company poll of analysts had expected a 620 million euro profit. Ryanair said it remained cautiously optimistic about a modest increase in full-year profit and that it hoped to be in a position to provide more meaningful guidance in November.

Persons: Michael O'Leary, " O'Leary, O'Leary, AeroSystems, Neil Sorahan, Sorahan Organizations: Ryanair, Boeing, Irish, Reuters, easyJet Locations: Europe

☆ Ryanair CFO predicts European airline consolidation as fuel hedging drives bumper profit
▼ + stars: | 2023-05-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRyanair CFO predicts European airline consolidation as fuel hedging drives bumper profitNeil Sorahan, chief financial officer at Ryanair Group, discusses the outlook for Europe's aviation market and the Irish low-cost carrier's strong full-year earnings report.

☆ Ryanair CFO Neil Sorahan on outlook: We see 'very robust' summer demand
▼ + stars: | 2023-01-30 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRyanair CFO Neil Sorahan on outlook: We see 'very robust' summer demandRyanair CFO Neil Sorahan joins 'Squawk Box' to discuss Ryanair's quarterly earnings results, whether the sticky demand is travel-specific, and more.

☆ Ryanair posts record Christmas quarter, sees 'very robust' summer demand
▼ + stars: | 2023-01-30 | by ( ) www.cnbc.com time to read: +2 min

Ryanair on Monday posted its largest after-tax profit for the October-December quarter and said bookings for Easter and summer flights in recent weeks were "very robust", boosted by demand from Asian travelers and a strong U.S. dollar. "We had record bookings in week two and week three of January, very robust demand into Easter and the summer without fare stimulation," he said. The Irish airline, Europe's largest by passenger numbers, said it had earned 211 million euros ($229.40 million) in the three months ended Dec. 31, the third quarter of its financial year. "With Asian tourists now returning and a strong U.S. dollar encouraging Americans to explore Europe, we're seeing robust demand," Chief Executive Officer Michael O'Leary said in a statement. Last week, rivals Wizz Air and EasyJet reported strong summer bookings.

☆ Ryanair hails 'very strong' recovery with record summer profit
▼ + stars: | 2022-11-07 | by ( Conor Humphries | ) www.reuters.com time to read: +3 min

The Irish airline, Europe's largest by passenger numbers, earned 1.371 billion euros ($1.36 billion) in the six months to the end of September, the first half of its financial year. While that was just short of a forecast of 1.385 billion in a company poll of analysts, it was well ahead of its previous first-half record of 1.29 billion euros in 2017. "We expect these strong fundamentals will continue to underpin robust traffic and average fare growth for the next 18-months at least," he said. Profit and traffic are poised for "very strong growth" until 2025 assuming oil prices remain relatively stable, he added in a video presentation. However, while the airline is planning for the deliver of 51 737 MAX aircraft by next summer, O'Leary said he was concerned Boeing might fall short.

☆ Ryanair reports record summer profit, sees 'very strong' recovery
▼ + stars: | 2022-11-07 | by ( Conor Humphries | ) www.reuters.com time to read: +3 min

Ryanair earned 1.371 billion euros ($1.36 billion) in the six months to the end of September. While the winter will be loss-making, Ryanair expects an after-tax profit of between 1 billion and 1.2 billion euros for the year to March 31, though that forecast remains "hugely dependent" on no adverse shocks. "Concerns about the impact of recession and rising consumer price inflation on Ryanair’s business model have been greatly exaggerated in recent months," O'Leary said in a statement. "We expect these strong fundamentals will continue to underpin robust traffic and average fare growth for the next 18-months at least," he said. In a pre-recorded video presentation he predicted very strong growth in profit and traffic over the next three years assuming oil prices remain relatively stable.

☆ Ryanair CFO Neil Sorahan: We continue to see huge demand for travel
▼ + stars: | 2022-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRyanair CFO Neil Sorahan: We continue to see huge demand for travelNeil Sorahan, CFO for Ryanair Group, joins CNBC's 'Squawk Box' to discuss whether the airline is seeing signs of an economic slowdown ahead of the busy holiday travel season.

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