Ryanair Holdings PLC Files FY25 Earnings Report

TL;DR

Ryanair just dropped its FY25 earnings report, check the 6-K filing.

AI Summary

Ryanair Holdings PLC filed a Form 6-K on November 4, 2024, to report its FY25 earnings. The filing is for a foreign private issuer and indicates they file annual reports under Form 20-F.

Why It Matters

This filing provides investors with updated financial performance information for Ryanair Holdings PLC for the fiscal year 2025.

Risk Assessment

Risk Level: low — This is a routine earnings report filing and does not contain significant new risks.

Key Players & Entities

• RYANAIR HOLDINGS PLC (company) — Filer
• 0001038683 (company) — Central Index Key
• 20241104 (date) — Filing Date
• November 2024 (date) — Reporting Month
• Form 20-F (document) — Annual Report Form
• Form 6-K (document) — Report Type

FAQ

Key Financial Figures

• $79b — ges extended: 85% of H2 FY25 covered at $79bbl & 75% of FY26 at $77bbl. ●
• $77b — FY25 covered at $79bbl & 75% of FY26 at $77bbl. ● €700m share buyb

Filing Documents

• a7105k.htm (6-K) — 626KB
• 0001654954-24-013650.txt ( ) — 627KB

From the Filing

FY25 RYANAIR HOLDINGS PLC EARNINGS a7105k SECURITIES AND EXCHANGE COMMISSION     Washington, D.C. 20549     FORM 6-K     Report of Foreign Private Issuer     Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934       For the month of November 2024   RYANAIR HOLDINGS PLC (Translation of registrant's name into English)   c/o Ryanair Ltd Corporate Head Office Dublin Airport County Dublin Ireland (Address of principal executive offices)     Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.   Form 20-F..X.. Form 40-F      Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.     Yes   No ..X..     If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________             RYANAIR H1 PROFITS FALL 18% TO €1.79BN AS LOWER FARES DRIVE 9% TRAFFIC GROWTH TO 115M GUESTS   Ryanair Holdings plc today (4 Nov) reported a H1 after tax profit of €1.79bn, which is 18% lower than the prior-year H1 PAT of €2.18bn, as strong traffic growth (up 9%) to 115m customers was offset by lower air fares, which declined 7% in the second quarter.     Q2 FY24 Q2 FY25 Change H1 FY24 H1 FY25 Change Customers 55.0m 59.8m +9% 105.4m 115.3m +9% Load Factor 96% 95% (1pt) 95% 95% - Ave. fare €65 €61 (7%) €58 €52 (10%) Revenue €4.93bn €5.07bn +3% €8.58bn €8.69bn +1% Op. Costs €3.22bn €3.42bn +6% €6.16bn €6.68bn +8% PAT €1.52bn €1.43bn (6%) €2.18bn €1.79bn (18%)   H1 highlights include: ● Traffic grew 9% to a record 115m, despite repeated Boeing delays. ● Ave. fare fell 10% (-15% in Q1 & -7% in Q2). ● 170x B737 " Gamechangers " in 608 fleet at 30 Sept. ● 5 new bases & 200 new routes opened for S.24. ● "Approved OTA" partnerships now protect over 90% of OTA consumers. ● Fuel hedges extended: 85% of H2 FY25 covered at $79bbl & 75% of FY26 at $77bbl. ● €700m share buyback completed in Aug. & over 30% of €800m follow-on now done. ● €0.223 interim div. per share declared (payable in Feb. 2025).   H1 FY25 BUSINESS REVIEW   Ryanair Group CEO Michael O'Leary, said:   Revenue & Costs: "Total H1 revenue rose 1% to €8.69bn. Scheduled revenue fell 2% to €5.95bn. The move of half Easter into PYQ4 and out of Q1, consumer spending pressure (driven by higher-for-longer interest rates and inflation reduction measures) and a drop in OTA bookings ahead of S.24 necessitated more price stimulation than originally expected (with Q1 fares down 15% & Q2 down 7%) as Ryanair maintained its 'load active/yield passive' pricing policy.  Many customers are switching to Ryanair for our lower air fares. As a result, we are capturing record share gains across most markets. Traffic, despite repeated Boeing delivery delays, grew 9% to 115m while ancillary revenues were resilient, rising 10% to €2.74bn. Operating costs performed well, rising 8% (lagging behind 9% traffic growth) to €6.68bn, as fuel hedge savings offset higher staff and other costs due, in part, to Boeing delivery delays. While modest delay compensation was received in H1 (mainly maintenance credits) this does not offset the substantial impact of a 5m+ passenger shortfall in FY25 due to these delivery delays.   H2 FY25 fuel is 85% hedged at $79bbl, derisking the Group during the recent period of significant fuel price volatility. FY26 hedge cover has also been increased to 75% at $77bbl, securing modest year-on-year price savings.   Balance Sheet, Liquidity & Shareholder Returns: Ryanair's balance sheet is one of the strongest in the industry with a BBB+ credit rating (both S&P and Fitch).  Gross cash was over €3.3bn and net cash was €0.6bn at 30 Sept., despite €0.9bn capex, €0.9bn share buybacks and a €0.2bn final dividend in H1. Our owned B737 fleet (580 aircraft) is fully unencumbered, which widens Ryanair's cost advantage over competitor airlines, many of whom are exposed long term to expensive finance and lease costs.   The Group restarted share buybacks in May, with €700m completed in Aug. We expect the €800m follow-on programme to b

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View this 6-K filing on SEC EDGAR