Ryanair Swung to Record Net Loss for Fiscal Year 2021 -- Earnings Review
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
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
Write to Anthony O. Goriainoff at
(END) Dow Jones Newswires
May 17, 2021 09:07 ET (13:07 GMT)
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