Mar. 2023
|
Mar. 2024
|
Change
| |
Customers
|
168.6m
|
183.7m
|
+9%
|
Load Factor
|
93%
|
94%
|
+1pt
|
Revenue
|
€10.78bn
|
€13.44bn
|
+25%
|
Op. Costs
|
€9.20bn*
|
€11.38bn
|
+24%
|
PAT
|
€1.43bn*
|
€1.92bn
|
+34%
|
For further information
please contact:
www.ryanair.com
|
Neil Sorahan
Ryanair Holdings plc
Tel: +353-1-9451212
|
Paul Clifford
Drury
Tel: +353-1-260-5000
|
Ryanair Holdings plc, Europe's largest airline group, is the parent company of Buzz, Lauda, Malta Air, Ryanair & Ryanair UK. Carrying c.200m guests p.a. on over 3,600 daily flights from 95 bases, the Group connects 235 airports in 37 countries on a fleet of 584 aircraft, with a further 364 Boeing 737 on order, which will enable the Ryanair Group to grow traffic to 300m p.a. by FY34. Ryanair has a team of over 27,000 highly skilled aviation professionals delivering Europe's No.1 operational performance, and an industry leading 38-year safety record. Ryanair is one of the most efficient major EU airlines. With a young fleet and high load factors, Ryanair's CO₂ per pax/km is just 65 grams.
|
At Mar 31,
|
At Mar 31,
| ||
2024
|
2023
| ||
Note
|
€M
|
€M
| |
Non-current assets
| |||
Property, plant and equipment
|
10,847.0
|
9,908.9
| |
Right-of-use asset
|
166.5
|
209.1
| |
Intangible assets
|
146.4
|
146.4
| |
Derivative financial instruments
|
11
|
3.3
|
54.6
|
Deferred tax
|
2.1
|
6.6
| |
Other assets
|
183.2
|
168.9
| |
Total non-current assets
|
11,348.5
|
10,494.5
| |
Current assets
| |||
Inventories
|
6.2
|
6.0
| |
Other assets
|
1,275.4
|
878.6
| |
Trade receivables
|
11
|
76.4
|
59.7
|
Derivative financial instruments
|
11
|
349.5
|
292.1
|
Restricted cash
|
11
|
6.4
|
19.5
|
Financial assets: cash > 3 months
|
11
|
237.8
|
1,056.2
|
Cash and cash equivalents
|
11
|
3,875.4
|
3,599.3
|
Total current assets
|
5,827.1
|
5,911.4
| |
Total assets
|
17,175.6
|
16,405.9
| |
Current liabilities
| |||
Provisions
|
46.0
|
19.8
| |
Trade payables
|
11
|
792.2
|
1,065.5
|
Accrued expenses and other liabilities
|
5,227.6
|
4,783.5
| |
Current lease liability
|
39.4
|
43.2
| |
Current maturities of debt
|
11
|
50.0
|
1,056.7
|
Derivative financial instruments
|
11
|
178.8
|
386.6
|
Current tax
|
66.6
|
66.3
| |
Total current liabilities
|
6,400.6
|
7,421.6
| |
Non-current liabilities
| |||
Provisions
|
138.1
|
154.5
| |
Derivative financial instruments
|
11
|
3.3
|
11.2
|
Deferred tax
|
362.0
|
159.3
| |
Non-current lease liability
|
125.2
|
163.1
| |
Non-current maturities of debt
|
11
|
2,532.2
|
2,853.2
|
Total non-current liabilities
|
3,160.8
|
3,341.3
| |
Shareholders' equity
| |||
Issued share capital
|
6.9
|
6.9
| |
Share premium account
|
1,404.3
|
1,379.9
| |
Other undenominated capital
|
3.5
|
3.5
| |
Retained earnings
|
5,899.8
|
4,180.0
| |
Other reserves
|
299.7
|
72.7
| |
Total shareholders' equity
|
7,614.2
|
5,643.0
| |
Total liabilities and shareholders' equity
|
17,175.6
|
16,405.9
|
Pre-
Except.
|
IFRS
Year Ended
Mar 31,
|
Pre-Except.
Year
Ended
Mar,
|
Except.
Year Ended
Mar 31,
|
IFRS
Year Ended
Mar 31,
| |||
Change
|
2024
|
2023
|
2023
|
2023
| |||
Note
|
%*
|
€M
|
€M
|
€M
|
€M
| ||
Operating revenues
| |||||||
Scheduled revenues
|
+32%
|
9,145.1
|
6,930.3
|
-
|
6,930.3
| ||
Ancillary revenues
|
+12%
|
4,298.7
|
3,844.9
|
-
|
3,844.9
| ||
Total operating revenues
|
8
|
+25%
|
13,443.8
|
10,775.2
|
-
|
10,775.2
| |
Operating expenses
| |||||||
Fuel and oil
|
-32%
|
5,142.6
|
3,895.2
|
130.5
|
4,025.7
| ||
Staff costs
|
-26%
|
1,500.0
|
1,191.4
|
-
|
1,191.4
| ||
Airport and handling charges
|
-20%
|
1,484.5
|
1,240.5
|
-
|
1,240.5
| ||
Depreciation
|
-15%
|
1,059.5
|
923.2
|
-
|
923.2
| ||
Route charges
|
-13%
|
1,024.4
|
903.7
|
-
|
903.7
| ||
Marketing, distribution and other
|
-12%
|
757.2
|
674.4
|
-
|
674.4
| ||
Maintenance, materials and repairs
|
-11%
|
414.9
|
373.7
|
-
|
373.7
| ||
Total operating expenses
|
-24%
|
11,383.1
|
9,202.1
|
130.5
|
9,332.6
| ||
Operating profit/(loss)
|
+31%
|
2,060.7
|
1,573.1
|
(130.5)
|
1,442.6
| ||
Other income/(expense)
| |||||||
Net finance income/(expense)
|
61.8
|
(34.4)
|
-
|
(34.4)
| |||
Foreign exchange
|
5.5
|
34.3
|
-
|
34.3
| |||
Total other income/(expense)
|
67.3
|
(0.1)
|
-
|
(0.1)
| |||
Profit/(loss) before tax
|
+35%
|
2,128.0
|
1,573.0
|
(130.5)
|
1,442.5
| ||
Tax (expense)/credit
|
5
|
(210.9)
|
(145.0)
|
16.3
|
(128.7)
| ||
Profit/(loss) for the year - all attributable to equity holders of parent
|
+34%
|
1,917.1
|
1,428.0
|
(114.2)
|
1,313.8
| ||
Earnings per ordinary share (€)
| |||||||
Basic
|
+46%
|
1.6828
|
1.1557
| ||||
Diluted
|
+45%
|
1.6743
|
1.1529
| ||||
Weighted avg. no. of ord. shares (in Ms)
| |||||||
Basic
|
1,139.2
|
1,136.8
| |||||
Diluted
|
1,145.0
|
1,139.6
|
Year Ended
|
Year Ended
| |
Mar 31,
|
Mar 31,
| |
2024
|
2023
| |
€M
|
€M
| |
Profit for the year
|
1,917.1
|
1,313.8
|
Other comprehensive income/(loss):
| ||
Items that will not be reclassified subsequently to profit or loss:
| ||
Net actuarial gain
|
6.6
|
-
|
Items that are or may be reclassified subsequently to profit or loss:
| ||
Movements in hedging reserve, net of tax:
| ||
Net movement in cash-flow hedge reserve
|
234.5
|
(1,264.0)
|
Other comprehensive income/(loss) for the year, net of income tax
|
241.1
|
(1,264.0)
|
Total comprehensive income for the year - attributable to equity holders of parent
| ||
2,158.2
|
49.8
|
Year
Ended
|
Year Ended
| |||
Mar 31,
|
Mar 31,
| |||
2024
|
2023
| |||
Note
|
€M
|
€M
| ||
Operating activities
| ||||
Profit after tax
|
1,917.1
|
1,313.8
| ||
Adjustments to reconcile profit after tax to net cash from operating activities
| ||||
Depreciation
|
1,059.5
|
923.2
| ||
(Increase) in inventories
|
(0.2)
|
(1.7)
| ||
Tax expense
|
210.9
|
128.7
| ||
Share-based payments
|
(3.9)
|
16.2
| ||
(Increase) in trade receivables
|
(16.7)
|
(16.2)
| ||
(Increase) in other assets
|
(359.0)
|
(482.0)
| ||
(Decrease)/increase in trade payables
|
(46.4)
|
31.2
| ||
Increase in accrued expenses and other liabilities
|
449.6
|
1,788.9
| ||
(Decrease)/increase in provisions
|
(8.3)
|
33.7
| ||
Increase in finance income
|
3.6
|
10.4
| ||
Decrease in finance expense
|
7.9
|
4.2
| ||
Foreign exchange and fair value*
|
(7.1)
|
144.7
| ||
Income tax (paid)
|
(49.1)
|
(4.1)
| ||
Net cash inflow from operating activities
|
3,157.9
|
3,891.0
| ||
Investing activities
| ||||
Capital expenditure - purchase of property, plant and equipment
|
(2,391.9)
|
(1,914.7)
| ||
Disposal proceeds
|
-
|
4.9
| ||
Supplier reimbursements
|
11
|
-
|
127.5
| |
Decrease in restricted cash
|
13.1
|
3.2
| ||
Decrease/(increase) in financial assets: cash > 3 months
|
818.4
|
(122.1)
| ||
Net cash used in investing activities
|
(1,560.4)
|
(1,901.2)
| ||
Financing activities
| ||||
Proceeds from shares issued
|
12
|
16.4
|
31.7
| |
Dividends paid
|
12
|
(199.5)
|
-
| |
Repayment of borrowings
|
(1,100.5)
|
(1,039.4)
| ||
Lease liabilities paid
|
(42.7)
|
(46.3)
| ||
Net cash used in financing activities
|
(1,326.3)
|
(1,054.0)
| ||
Increase in cash and cash equivalents
|
271.2
|
935.8
| ||
Net foreign exchange differences
|
4.9
|
(5.5)
| ||
Cash and cash equivalents at beginning of the year
|
3,599.3
|
2,669.0
| ||
Cash and cash equivalents at end of the year
|
11
|
3,875.4
|
3,599.3
| |
Included in the cash flows from operating activities for the year are the following amounts:
| ||||
Interest income received
|
148.4
|
52.7
| ||
Interest expense paid
|
(88.7)
|
(75.0)
|
Issued
|
Share
|
Other
|
Other
| |||||
Ordinary
|
Share
|
Premium
|
Undenom.
|
Retained
|
Reserves
|
Other
| ||
Shares
|
Capital
|
Account
|
Capital
|
Earnings
|
Hedging
|
Reserves
|
Total
| |
M
|
€M
|
€M
|
€M
|
€M
|
€M
|
€M
|
€M
| |
Balance at April 01, 2022
|
1,134.6
|
6.8
|
1,328.2
|
3.5
|
2,880.9
|
1,295.4
|
30.5
|
5,545.3
|
Profit for the year
|
-
|
-
|
-
|
-
|
1,313.8
|
-
|
-
|
1,313.8
|
Other comprehensive income/(loss)
| ||||||||
Net movements in cash-flow reserve
|
-
|
-
|
-
|
-
|
-
|
(1,264.0)
|
-
|
(1,264.0)
|
Total other comprehensive income
|
-
|
-
|
-
|
-
|
-
|
(1,264.0)
|
-
|
(1,264.0)
|
Total comprehensive income/(loss)
|
-
|
-
|
-
|
-
|
1,313.8
|
(1,264.0)
|
-
|
49.8
|
Transactions with owners of the
| ||||||||
Company recognised directly in equity
| ||||||||
Issue of ordinary equity shares
|
4.1
|
0.1
|
51.7
|
-
|
(20.1)
|
-
|
-
|
31.7
|
Share-based payments
|
-
|
-
|
-
|
-
|
-
|
-
|
16.2
|
16.2
|
Transfer of exercised and expired share-based awards
|
-
|
-
|
-
|
-
|
5.4
|
-
|
(5.4)
|
-
|
Balance at March 31, 2023
|
1,138.7
|
6.9
|
1,379.9
|
3.5
|
4,180.0
|
31.4
|
41.3
|
5,643.0
|
Profit for the year
|
-
|
-
|
-
|
-
|
1,917.1
|
-
|
-
|
1,917.1
|
Other comprehensive income
| ||||||||
Net actuarial gains from retirement benefit plans
|
-
|
-
|
-
|
-
|
6.6
|
-
|
-
|
6.6
|
Net movements in cash-flow reserve
|
-
|
-
|
-
|
-
|
-
|
234.5
|
-
|
234.5
|
Total other comprehensive income
|
-
|
-
|
-
|
-
|
6.6
|
234.5
|
-
|
241.1
|
Total comprehensive income
|
-
|
-
|
-
|
-
|
1,923.7
|
234.5
|
-
|
2,158.2
|
Transactions with owners of the
| ||||||||
Company recognised directly in equity
| ||||||||
Issue of ordinary equity shares
|
1.4
|
-
|
24.4
|
-
|
(8.0)
|
-
|
-
|
16.4
|
Dividends paid
|
-
|
-
|
-
|
-
|
(199.5)
|
-
|
-
|
(199.5)
|
Share-based payments
|
-
|
-
|
-
|
-
|
-
|
-
|
(3.9)
|
(3.9)
|
Transfer of exercised and expired share-based awards
|
-
|
-
|
-
|
-
|
3.6
|
-
|
(3.6)
|
-
|
Balance at March 31, 2024
|
1,140.1
|
6.9
|
1,404.3
|
3.5
|
5,899.8
|
265.9
|
33.8
|
7,614.2
|
Year Ended
|
Ryanair DAC
|
Other Airlines
|
Elimination
|
Total
|
Mar 31,
|
Mar 31,
|
Mar 31,
|
Mar 31,
| |
2024
|
2024
|
2024
|
2024
| |
€M
|
€M
|
€M
|
€M
| |
Scheduled revenue
|
9,037.7
|
107.4
|
-
|
9,145.1
|
Ancillary revenue
|
4,298.7
|
-
|
-
|
4,298.7
|
Inter-segment revenue
|
744.6
|
1,366.1
|
(2,110.7)
|
-
|
Segment revenue
|
14,081.0
|
1,473.5
|
(2,110.7)
|
13,443.8
|
Reportable segment profit after income tax
|
1,860.0
|
57.1
|
-
|
1,917.1
|
Other segment information:
| ||||
Depreciation
|
(1,018.0)
|
(41.5)
|
-
|
(1,059.5)
|
Net finance income/(expense)
|
70.1
|
(8.3)
|
-
|
61.8
|
Capital expenditure
|
(1,926.6)
|
(42.7)
|
-
|
(1,969.3)
|
Segment assets
|
16,867.5
|
308.1
|
-
|
17,175.6
|
Segment liabilities
|
(8,948.7)
|
(612.7)
|
-
|
(9,561.4)
|
Year Ended
|
Ryanair DAC
|
Other Airlines
|
Elimination
|
Total
|
Mar 31,
|
Mar 31,
|
Mar 31,
|
Mar 31,
| |
2023
|
2023
|
2023
|
2023
| |
€M
|
€M
|
€M
|
€M
| |
Scheduled revenue
|
6,843.4
|
86.9
|
-
|
6,930.3
|
Ancillary revenue
|
3,844.9
|
-
|
-
|
3,844.9
|
Inter-segment revenue
|
759.4
|
1,294.5
|
(2,053.9)
|
-
|
Segment revenue
|
11,447.7
|
1,381.4
|
(2,053.9)
|
10,775.2
|
Reportable segment profit after income tax (i)
|
1,382.3
|
45.7
|
-
|
1,428.0
|
Other segment information:
| ||||
Net finance expense
|
(27.8)
|
(6.6)
|
-
|
(34.4)
|
Depreciation
|
(876.6)
|
(46.6)
|
-
|
(923.2)
|
Capital expenditure
|
(1,760.1)
|
(153.0)
|
-
|
(1,913.1)
|
Segment assets
|
15,920.4
|
485.5
|
-
|
16,405.9
|
Segment liabilities
|
(9,914.7)
|
(848.2)
|
-
|
(10,762.9)
|
Year Ended
Mar 31,
2024
€M
|
Year Ended
Mar 31, 2023
€M
| |||
Italy
|
2,853.3
|
2,364.5
| ||
Spain
|
2,416.2
|
1,883.4
| ||
United Kingdom
|
2,031.0
|
1,589.7
| ||
Ireland
|
791.0
|
640.4
| ||
Other
|
5,352.3
|
4,297.2
| ||
Total revenue
|
13,443.8
|
10,775.2
|
At Mar 31,
|
At Mar 31,
|
At Mar 31,
|
At Mar 31,
| |
2024
|
2024
|
2023
|
2023
| |
Carrying
|
Fair
|
Carrying
|
Fair
| |
Amount
|
Value
|
Amount
|
Value
| |
Non-current financial assets
|
€M
|
€M
|
€M
|
€M
|
Derivative financial instruments:
| ||||
- U.S. dollar currency forward contracts
|
3.2
|
3.2
|
53.2
|
53.2
|
- Jet fuel & carbon derivatives contracts
|
0.1
|
0.1
|
-
|
-
|
- Interest rate swaps
|
-
|
-
|
1.4
|
1.4
|
3.3
|
3.3
|
54.6
|
54.6
| |
Current financial assets
| ||||
Derivative financial instruments:
| ||||
- U.S. dollar currency forward contracts
|
144.0
|
144.0
|
226.2
|
226.2
|
- Jet fuel options
|
-
|
-
|
14.1
|
14.1
|
- Jet fuel & carbon derivative contracts
|
205.5
|
205.5
|
49.6
|
49.6
|
- Interest rate swaps
|
-
|
-
|
2.2
|
2.2
|
349.5
|
349.5
|
292.1
|
292.1
| |
Trade receivables*
|
76.4
|
59.7
| ||
Cash and cash equivalents*
|
3,875.4
|
3,599.3
| ||
Financial asset: cash > 3 months*
|
237.8
|
1,056.2
| ||
Restricted cash*
|
6.4
|
19.5
| ||
4,545.5
|
349.5
|
5,026.8
|
292.1
| |
Total financial assets
|
4,548.8
|
352.8
|
5,081.4
|
346.7
|
At Mar 31,
|
At Mar 31,
|
At Mar 31,
|
At Mar 31,
| |
2024
|
2024
|
2023
|
2023
| |
Carrying
|
Fair
|
Carrying
|
Fair
| |
Amount
|
Value
|
Amount
|
Value
| |
Non-current financial liabilities
|
€M
|
€M
|
€M
|
€M
|
Derivative financial instruments:
| ||||
- Jet fuel & carbon derivative contracts
|
-
|
-
|
8.1
|
8.1
|
- U.S. dollar currency forward contracts
|
3.3
|
3.3
|
3.1
|
3.1
|
3.3
|
3.3
|
11.2
|
11.2
| |
Non-current maturities of debt
| ||||
- Long-term debt
|
488.7
|
488.7
|
812.3
|
812.3
|
- Bonds
|
2,043.5
|
1,971.6
|
2,040.9
|
1,928.4
|
2,532.2
|
2,460.3
|
2,853.2
|
2,740.7
| |
2,535.5
|
2,463.6
|
2,864.4
|
2,751.9
| |
Current financial liabilities
| ||||
Derivative financial instruments:
| ||||
- Jet fuel & carbon derivative contracts
|
178.8
|
178.8
|
341.7
|
341.7
|
- U.S. dollar currency forward contracts
|
-
|
-
|
44.9
|
44.9
|
178.8
|
178.8
|
386.6
|
386.6
| |
Current maturities of debt:
| ||||
- Short-term debt
|
50.0
|
50.0
|
76.8
|
76.8
|
- Promissory note**
|
-
|
-
|
230.6
|
230.6
|
- Bonds
|
-
|
-
|
749.3
|
744.3
|
50.0
|
50.0
|
1,056.7
|
1,051.7
| |
Trade payables*
|
792.2
|
1,065.5
| ||
Accrued expenses*
|
1,603.1
|
1,276.6
| ||
2,624.1
|
228.8
|
3,785.4
|
1,438.3
| |
Total financial liabilities
|
5,159.6
|
2,692.4
|
6,649.8
|
4,190.2
|
RYANAIR HOLDINGS PLC
|
By:___/s/ Juliusz Komorek____
| |
Juliusz Komorek
| |
Company Secretary
|
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Disclaimer
Ryanair Holdings plc published this content on 20 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2024 10:19:16 UTC.