RYA Ryanair Holdings Plc

By Anthony O. Goriainoff

Ryanair Holdings PLC reported results for fiscal 2021 on Monday. Here's what we watched:

EARNINGS REVIEW: For the year ended March 31, the budget carrier reported a record net loss of 1.02 billion euros ($1.24 billion) compared with consensus expectations of a loss of EUR1.04 billion taken from FactSet and based on 13 analysts' estimates.

REVENUE REVIEW: Ryanair posted revenue of EUR1.64 billion, compared with EUR8.49 billion for fiscal 2020. It beat revenue consensus views of EUR1.63 billion, based on 21 analysts polled by FactSet. The company said this was helped by an 11% rise in spend per passenger to almost EUR22, which came about from increased ancillary revenue as more people booked priority boarding and reserved seating.

WHAT WE WATCHED:

-TRAVEL CAPACITY: The airline said it expects intra-European air travel capacity to be materially lower for the foreseeable future and that this will create opportunities for it to extend its airport growth incentives, as it takes delivery of 210 new Boeing 737 MAX-8200 planes.

-PASSENGERS: Ryanair said that, although it anticipates a strong rebound of pent-up travel demand in 2H, it expects 1Q traffic to be heavily curtailed to between 5 million and 6 million passengers.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

May 17, 2021 09:07 ET (13:07 GMT)

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