|
|
Aug. 25
|
Aug. 26
|
Change
|
|
Guests
|
21.0m
|
22.2m
|
+6%
|
|
L. Fact
|
96%
|
96%
|
-
|
|
Rolling
|
Aug. 25
|
Aug. 26
|
Change
|
|
Guests
|
203.6m
|
214.4m
|
+5%
|
|
L. Fact
|
94%
|
94%
|
-
|
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FY27 Traffic Cut from 216m
to 214m:
Ryanair
is on track to grow its summer traffic (Apl. to Oct.) by over 5%
(from 138m) to 145m in S.26 (with Q2 fares, guided in July,
trending “modestly down” y-o-y). With 80% of FY27 jet
fuel hedged at c.$67bbl, the Group is well placed to record another
profitable year, albeit below FY26’s record PAT. (It remains
too early to provide meaningful PAT guidance).
In
light of high unhedged oil prices (jet fuel currently trading at
c.$140bbl), it is sensible to strategically reduce the
Group’s exposure to unhedged jet fuel during the unprofitable
winter schedule (from Nov. to Mar.). Ryanair’s FY27 traffic
target is therefore cut from 216m to 214m passengers to reduce our
exposure to unhedged oil this winter. We expect traffic from Nov.
to Mar. will be broadly flat year-on-year.
Subject
to pricing and passenger demand, Ryanair expects this one-off
winter schedule cut to reduce Ryanair’s W.26 losses by
€70m to €100m. If high oil prices continue through to
S.27, Ryanair believes short haul airfares in Europe will increase
materially to reflect higher oil prices, as some less well-hedged
competitors will struggle to maintain capacity or even survive this
coming winter season. A further update will be provided with our H1
Results in Nov.
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|
ENDS
For further info
please contact:
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Ryanair Press Office
T: +353-1-9451799
E:
press@ryanair.com
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RYANAIR
HOLDINGS PLC
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By:___/s/
Juliusz Komorek____
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Juliusz
Komorek
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Company
Secretary
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