Ryanair Holdings PLC (NAS:RYAAY)
$ 44.41 -0.12 (-0.27%) Market Cap: 24.07 Bil Enterprise Value: 23.46 Bil PE Ratio: 6.08 PB Ratio: 2.68 GF Score: 85/100

Half Year 2025 Ryanair Holdings PLC Earnings Call (Q&A Session) Transcript

Nov 04, 2024 / 10:00AM GMT
Release Date Price: $44.06 (-3.25%)
Michael O;leary
Ryanair Holdings PLC - Group Chief Executive Officer, Executive Director

' -

Good morning, ladies and gentlemen. Welcome to the Ryanair H1 results conference call. We're joined by all the members of the team from different parts of the globe. And we'll -- I'm going to run through quick highlights. As Neil Sorahan, our group CFO, as usual, to give you a comment on the financial highlights, and then we will maximize the time for Q&A.

So you'll see this morning, we reported H1 after-tax profits of EUR1.8 billion, 18% lower than the prior year H1 profit of EUR2.18 billion. Highlights at the half year were traffic, strong growth, 9%, to a record of EUR115 million. It would have been higher, but for the repeated Boeing delays. At the key theme, with average fares fell in the half year by 10%, but the trend is improving. We were down 15% in Q1, down 7% in Q2. We'll turn to Q3 on -- when we look at forward guidance.

We have 170, 737 Gamechangers in a 608 aircraft fleet at the end of the half, and that had risen to 172 by the end of October. We have five new

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