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Ryanair Updates FY22 Guidance New Range Of -€350m To -€400m (Prev. -€250m To -€450m)
Ryanair Holdings plc today (4 April) briefed the market that it expects to report a pre-exceptional FY22 (yr. ended 31 Mar. 2022) net loss of between -€350m and -€400m (previously guided range of -€250m to -€450m). The Ryanair Group’s full-year traffic recovered strongly to over 97m (27.5m in FY21, but below pre-Covid traffic of 149m).
Ryanair’s balance sheet is one of the strongest in our sector with a BBB (stable) credit rating (S&P and Fitch). Year end (31 Mar.) net debt dropped to €1.5bn (prior year €2.3bn), and c.90% of the Group’s fleet of B737 aircraft are unencumbered.
Since our last market update on 31 Jan., Ryanair has increased FY23 (yr. ended 31 Mar. 2023) fuel hedging to 80% cover (c.65% jet swaps at $630 and 15% caps at $775 per metric tonne). Almost 10% of Ryanair’s H1 FY24 fuel requirements are hedged at $760 (via jet swaps).
As this is a closed period, the Ryanair Group’s next market update will be on 16 May when we release FY22 results.
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RYANAIR LAUNCHES PRAGUE – PAPHOS & KOSICE ROUTES
Ryanair, Europe’s No.1 airline, today (1st August) celebrated the first flight from Prague to Paphos, while on Monday (3rd August) it will launch a twice weekly service to Kosice, both as part of its extended Summer 2020 schedule.
To celebrate its new routes, Ryanair has launched a seat sale with fares from 729 Kc for travel to Kosice and from 759 Kc to Paphos, both until the end of October, which must be booked by Wednesday (5th August), only on the Ryanair.com website.
RYANAIR LAUNCHES PRAGUE – PAPHOS & KOSICE ROUTES
Ryanair, Europe’s No.1 airline, today (1st August) celebrated the first flight from Prague to Paphos, while on Monday (3rd August) it will launch a twice weekly service to Kosice, both as part of its extended Summer 2020 schedule.
To celebrate its new routes, Ryanair has launched a seat sale with fares from 729 Kc for travel to Kosice and from 759 Kc to Paphos, both until the end of October, which must be booked by Wednesday (5th August), only on the Ryanair.com website.