Ryanair Holdings PLC RYANAIR RAISES FY20 GUIDANCE TO EUR950M-EUR1,050M (3666Z)
10 Gennaio 2020 - 8:00AM
UK Regulatory
TIDMRYA
RNS Number : 3666Z
Ryanair Holdings PLC
10 January 2020
RYANAIR RAISES FY GUIDANCE TO NEW RANGE EUR950M - EUR1,050M
STRONGER CHRISTMAS PERIOD TRAFFIC AND YIELDS
LAUDA LOSSES RISE FROM EUR80M TO EUR90M ON PRICE WARS
Ryanair today (10 Jan) issued a trading update on the back of a
stronger than expected Christmas and New Year travel period,
characterised by higher than expected close-in bookings at better
than expected yields. Forward bookings Jan to Apr are running 1%
ahead of this time last year, and Ryanair believes this will result
in slightly better than expected ave. fares in Q4, while full year
Group traffic will grow to 154m (previously guided at 153m).
At the same time, Ryanair's Austrian subsidiary, Laudamotion,
continues to underperform with ave. fares over Christmas lower than
expected, despite strong traffic growth and high load factors. This
is a direct result of intense price competition with Lufthansa
subsidiaries in both Germany and Austria who are engaged in below
cost selling. Lauda now expects to carry 6.5m passengers in the
year to March 2020 but at ave. fares that are EUR15 below budget,
with the result that Lauda's net loss for the year will widen from
under EUR80m to approx. EUR90m.
As a consequence of this better Christmas/New Year travel period
and stronger forward bookings in Q4, Ryanair believes it is
appropriate to raise its Full Year PAT guidance range from EUR800m
- EUR900m, to a new range of EUR950m - EUR1,050m. On the basis of
current trading, Ryanair expects to finish close to the mid-point
of this new range. Ryanair will release its Q3 results on 3(rd)
February next and will update shareholders in further detail on
these trends at that time.
ENDS
This announcement contains inside information.
For further information
please contact: Shane O'Toole Piaras Kelly
Ryanair DAC Edelman Ireland
Tel: +353-1-9451212 Tel: +353-1-6789333
press@ryanair.com ryanair@edelman.com
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END
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