Irish low cost airline Ryanair Holdings Plc (RYAAY,RYA.L) Monday reported 13 percent increase in profit for fiscal 2013, including mainly 6 percent increase in average fares and strong ancillary revenues. Meanwhile, fuel costs, which represented 45 percent of total costs, grew 18 percent from last year.
Due to lower yields and higher fuel costs, the company expects first-quarter net profit to be lower than last year. The shares rose about 6 percent in the morning trade, on the London Stock Exchange.
In the fiscal year ended March 31, 2013, revenues rose 13 percent as traffic grew 5 percent to 79.3 million passengers. But unit costs increased 8 percent as a result of the rise in fuel costs. Excluding fuel, unit costs rose 3 percent.
The company noted that its results of operations have varied significantly from quarter to quarter, reflecting airline industry's sensitivity to general economic conditions and the seasonal nature of air travel. Ryanair expects these variations to continue.
Ryanair also said its recent order for 175 firm B 737-800 aircraft represents an enormous opportunity for shareholders.
For the fiscal year ended March 31, 2013, profit attributable to equity holders of parent was 569.3 million euros or 39.33 euro cent per share, higher than 560.4 million euros or 37.94 euro cent per share in the year ago.
Excluding exceptional items related to a one-off release of ticket sales revenue of 57.8 million euros net of tax, prior-year earnings totaled 34.03 euro cents per share. .
Total operating revenues from continuing operations grew 13 percent to 4.88 billion euros from 4.39 billion euros last year. Total revenue per passenger rose 8 percent, primarily due to a 6 percent increase in average fare and strong growth in ancillary revenues. Ancillary revenues were 1.06 billion euros, up from 886.2 million euros a year ago.
Total operating expenses advanced to 4.17 billion euros from 3.71 billion euros in the preceding year. Fuel and oil costs were 1.89 billion euros, compared to 1.59 billion euros in fiscal 2012.
For fiscal year 2014, the firm expects traffic to grow by 3 percent to 81.5 million. Modest yield and traffic growth is expected to be partly offset by higher oil and Eurocontrol costs, the company stated. Profit for fiscal 2014 is expected to increase to a range of between 570 million euros and 600 million euros.
In London, Ryanair shares are currently trading at 6.69 pence, up 0.36 pence or 5.7 percent, on a volume of 671,165 shares.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.