Ryanair closed the second quarter of the year with a Net income of 1,43 billion euros, down 6% compared to the same period of the previous year. Despite the decline in profits, the revenues however, they recorded an increase of 3%, reaching 5,07 billion euros. Overall for the semester, theNet income decreased by 18%, falling to 1,79 billion euros, while revenues grew by 1%, reaching 8,69 billion euros.
Last May, the airline a share buyback program restarted, completing €700 million of purchases by August. A subsequent €800 million programme is expected to be completed by mid-2025. Once completed, Ryanair will have returned almost €9 billion to shareholders since 2008. In addition, a interim dividend of 0,223 euros per share, to be paid in February 2025.
Ryanair: average fares fall
In the first half of the year, Ryanair recorded a 10% reduction in average rates, thus contributing to the decline in profits. Despite this, the Reservations for the third quarter look promising. The CEO Michael O'Leary said that “bookings indicate that demand for the third quarter is strong and the price decline appears to be easing” while on the cost front “we expect full-year unit costs to be essentially flat”.
Ryanair: passenger transport increases
Ryanair has carried 59,8 million passengers in the second quarter, with an increase of 9% compared to the same period of the previous year. For the entire semester, the total number of passengers was 115,3 million.
Because of delays in delivery of new Boeing aircraft, the company has, however, revised downwards its passenger forecasts, lowering the annual target from 215 to 210 million.
Boeing weighs on outlook
I Boeing 737 delivery delays Gamechangers forced Ryanair to review growth expectationsThe airline expects Boeing’s “remaining 9 deliveries” due in the third quarter to “slide into the fourth quarter due to recent strikes” while “the risk of further delays remains elevated.”
Ryanair expects a growth of 8% in passenger numbers for fiscal year 2025, but remains cautious regarding ticket sales rates in the third quarter, which could be lower than those of the previous year. “The end-2025 result will depend on the ability to avoid adverse developments“, the company warned, also citing the geopolitical situation and Boeing's delays as potential risk factors.
O'Leary stressed the importance of moderate growth estimates to avoid overproduction and excessive costs. “We continue to target between 198 million and 200 million passengers in fiscal 2025, assuming no further delays,” he said. “We remain cautious on the outlook for third-quarter average fares, expecting them to be slightly lower than the prior-year third quarter (subject to closing Christmas and New Year’s Eve bookings).”
