Strong Profit Growth in Q1
Ryanair reported a Q1 profit after tax of EUR 820 million, a significant increase compared to EUR 360 million in the previous year, marking a 128% rise against weak prior year comparisons.
Increase in Traffic and Fares
Traffic grew by 4% to 58 million passengers, with a 21% increase in average fares.
Effective Cost Control
Unit cost inflation was up just 1%, indicating strong cost management. The gap between Ryanair's costs and those of its EU competitors has widened.
Strategic Aircraft and Engine Investments
Ryanair took delivery of 5 Gamechanger aircraft and bought 30 spare LEAP-1B engines at a significant discount, enhancing fleet resilience and capacity.
Strong Balance Sheet
Net cash increased by EUR 2 billion, positioning Ryanair to repay EUR 2.1 billion in bonds over the next 10 months from internal cash resources.
Successful Integration into Indices
Ryanair was added to the MSCI World Index in June and expects to join the FTSE Russell in September.