Ryanair earns better than ever
Europe's largest low-cost airline Ryanair is heading for record profits in the current financial year after a strong summer quarter. In the twelve months to the end of March 2024, the Irish company announced in Dublin that the surplus should reach 1.85 billion to 2.05 billion euros. The Irish company achieved its highest profit to date in 2018 at 1.45 billion euros, narrowly missing this mark last year with a profit of 1.3 billion euros.
For the first time, shareholders can now look forward to a regular dividend. For the current financial year until the end of March, a total of 400 million euros will be paid out to shareholders in two equal tranches: An interim dividend of 200 million euros is planned for February 2024, and shareholders are to receive a final dividend of 200 million euros or 35 cents per share in September. In subsequent years, Ryanair intends to pay out 25 percent of the previous year's profit, adjusted for one-off effects, as a dividend.
Up to now, the company has occasionally paid a special dividend. This practice is still a possibility, as are share buybacks, according to the company. "The Board of Directors will retain the flexibility to return excess cash to shareholders via special dividends and/or share buybacks when appropriate," the company announced.
Is Boeing delivering as promised?
In the second financial quarter from July to September, Ryanair increased its turnover by 23 percent year-on-year to 4.9 billion euros thanks to stronger demand and higher ticket prices. The number of passengers rose by 11 percent and ticket prices increased by 14 percent. At the bottom line, Ryanair's profit rose by more than 40 percent to 1.5 billion euros. Adjusted for a special charge from the previous year, the increase amounted to 26 percent.
In the current financial year, Ryanair continues to expect a passenger volume of 183.5 million. However, this also depends on whether Boeing can meet its delivery commitments for the new jets.
In the context of Boeing's delivery commitments, the current financial year's passenger volume for Ryanair hinges on their ability to receive the new jets as planned. Despite the strong financial performance, with a 23% revenue increase and over 40% profit increase in the second quarter, Ryanair's profits are also influenced by the aviation sector, as seen with Europe's largest low-cost airline, Ryanair, posting record quarterly figures.
Source: www.ntv.de
