Ryanair sees 21 per cent fall in quarter one profit

Published on : Monday, July 29, 2019

In the first quarter of 2019 Ryanair reported a 21 percent fall and the low-cost carrier booking stood at €243 million.

 

According to the airline a six per cent decline in average fares, to €36, had been offset by strong ancillary revenues.

 

 

There was an 11 per cent increase in passenger numbers in Ryanair and it carried 42 million guests in the first three months.

 

 

There was a 19 per cent rise in cost as fuel bills increased 24 per cent.Ryanair has also fully consolidated costs from its acquisition of Lauda for the first time and the revenues rose 11 per cent to  €2.3 billion for the quarter.

 

Ryanair chief executive, Michael O’Leary stated that the  two weakest markets were Germany, where Lufthansa was allowed to buy airBerlin and is selling this excess capacity at below cost prices, and the UK where Brexit concerns weigh negatively on consumer confidence and spending.

 

 

There will be significant delays to deliveries with costs mounting from the grounding of the Boeing 737 Max.

 

O’Leary went on saying that the delivery of their first five B737 Max aircraft has been delayed from quarter one to probably January at the earliest (subject to EASA approval).

 

 

They are expecting to receive only 30 Max deliveries in time for summer 20, down from 58, which will cut Ryanair’s growth rate from seven to three per cent.

 

 

By 2021 Ryanair is expected to carry 157 million passengers which will go down from 162 million.


(No Like Yet)

Related Posts

Tags:

Comments are closed.

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  rss_logo 
ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 06 ITB Asia 2020
  • 12 ITE Hong Kong 2020
  • 13 IMEX 20
  • 16 FHC 2020
  • 16 G&A 2020
  • 16 ITB asia 2020
  • 16 TAAPE 2020
  • 17 AAA-banner 2020
  • 18 WCTIE 2020
  • 20 GWS-2020
  • 23 emitt 21
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. Forum de l’Investissement Hôtelier Africain

      July 7 - July 9
    2. DRT SHOW SHANGHAI

      July 17 - July 19
    3. SHANGHAI WORLD TRAVEL FAIR (SWTF)

      July 30 - August 2
    4. IT&CM CHINA 2020

      August 3 - August 5
    5. Asia Amusement & Attractions Expo 2020

      August 4 - August 6
Get our toolbar!
Review www.travelandtourworld.com on alexa.com