Q1 - Group
|
30 Jun. 2020
|
30 Jun. 2021
|
Change
|
Customers
|
0.5m
|
8.1m
|
+7.6m
|
Load Factor
|
61%
|
73%
|
+12pts
|
Revenue
|
€125m
|
€371m
|
+196%
|
Op. Costs
|
€313m
|
€675m
|
+116%
|
Net Loss
|
(€185m)
|
(€273m)
|
-47%
|
For further information
please contact:
www.ryanair.com
|
Neil Sorahan
Ryanair Holdings plc
Tel: +353-1-9451212
|
Piaras Kelly
Edelman
Tel: +353-1-6789333
|
At Jun 30,
|
At Mar 31,
| ||
2021
|
2021
| ||
Note
|
€M
|
€M
| |
Non-current assets
| |||
Property, plant and equipment
|
10
|
8,397.7
|
8,361.1
|
Right-of-use asset
|
174.3
|
188.2
| |
Intangible assets
|
146.4
|
146.4
| |
Derivative financial instruments
|
11
|
106.9
|
111.3
|
Deferred tax
|
19.1
|
14.0
| |
Other assets
|
48.7
|
48.7
| |
Total non-current assets
|
8,893.1
|
8,869.7
| |
Current assets
| |||
Inventories
|
3.8
|
3.6
| |
Other assets
|
256.7
|
179.8
| |
Trade receivables
|
22.3
|
18.6
| |
Derivative financial instruments
|
11
|
164.0
|
106.0
|
Restricted cash
|
34.1
|
34.1
| |
Financial assets: cash > 3 months
|
470.3
|
465.5
| |
Cash and cash equivalents
|
3,551.9
|
2,650.7
| |
Total current assets
|
4,503.1
|
3,458.3
| |
Total assets
|
13,396.2
|
12,328.0
| |
Current liabilities
| |||
Provisions
|
-
|
10.3
| |
Trade payables
|
565.8
|
336.0
| |
Accrued expenses and other liabilities
|
2,062.3
|
1,274.9
| |
Current lease liability
|
52.0
|
52.5
| |
Current maturities of debt
|
863.1
|
1,725.9
| |
Derivative financial instruments
|
11
|
43.1
|
79.2
|
Current tax
|
52.0
|
48.1
| |
Total current liabilities
|
3,638.3
|
3,526.9
| |
Non-current liabilities
| |||
Provisions
|
58.8
|
47.4
| |
Trade payables
|
188.1
|
179.9
| |
Derivative financial instruments
|
11
|
3.7
|
6.4
|
Deferred income tax liability
|
235.5
|
272.4
| |
Non-current lease liability
|
115.8
|
130.6
| |
Non-current maturities of debt
|
4,686.8
|
3,517.8
| |
Total non-current liabilities
|
5,288.7
|
4,154.5
| |
Shareholders' equity
| |||
Issued share capital
|
12
|
6.7
|
6.7
|
Share premium account
|
12
|
1,164.8
|
1,161.6
|
Other undenominated capital
|
12
|
3.5
|
3.5
|
Retained earnings
|
12
|
2,959.7
|
3,232.3
|
Other reserves
|
334.5
|
242.5
| |
Shareholders' equity
|
4,469.2
|
4,646.6
| |
Total liabilities and shareholders' equity
|
13,396.2
|
12,328.0
|
IFRS
Quarter
Ended
June 30,
2021
|
IFRS
Quarter
Ended
June 30,
2020
| |||||
Change
| ||||||
Note
|
%*
|
€M
|
€M
| |||
Operating revenues
| ||||||
Scheduled revenues
|
191.9
|
100.7
| ||||
Ancillary revenues
|
178.6
|
24.5
| ||||
Total operating revenues
|
196%
|
370.5
|
125.2
| |||
Operating expenses
| ||||||
Depreciation
|
134.3
|
134.0
| ||||
Fuel and oil
|
156.6
|
8.9
| ||||
Staff costs
|
111.0
|
68.5
| ||||
Airport and handling charges
|
87.1
|
18.1
| ||||
Maintenance, materials and repairs
|
61.8
|
36.2
| ||||
Marketing, distribution and other
|
71.9
|
42.4
| ||||
Route charges
|
52.3
|
2.3
| ||||
Aircraft rentals
|
0.0
|
2.4
| ||||
Total operating expenses
|
(116%)
|
675.0
|
312.8
| |||
Operating (loss)
|
(62%)
|
(304.5)
|
(187.6)
| |||
Other income/(expenses)
| ||||||
Net finance expense
|
(21.4)
|
(9.4)
| ||||
Foreign exchange / hedge Ineffectiveness
|
1.4
|
(13.0)
| ||||
Total other income/(expenses)
|
11%
|
(20.0)
|
(22.4)
| |||
(Loss) before tax
|
(55%)
|
(324.5)
|
(210.0)
| |||
Tax credit on (loss)
|
4 |
51.9
|
24.9
| |||
(Loss) for the quarter - attributable to equity holders of parent
|
(47%)
|
(272.6)
|
(185.1)
| |||
(Loss) per ordinary share (€)
|
9
|
(0.2416)
|
(0.1699)
| |||
Basic
|
9
|
(0.2416)
|
(0.1699)
| |||
Diluted
| ||||||
Weighted ave. no. of ord. shares (in Ms)
|
9
|
1,128.3
|
1,089.4
| |||
Basic
|
9
|
1,128.3
|
1,089.4
| |||
Diluted
|
Quarter
|
Quarter
| |
Ended
|
Ended
| |
June 30,
|
June 30,
| |
2021
|
2020
| |
€M
|
€M
| |
(Loss) for the quarter
|
(272.6)
|
(185.1)
|
Other comprehensive income:
| ||
Items that are or may be reclassified to profit or loss:
| ||
Cash flow hedge reserve movements:
| ||
Net movement in cash flow hedge reserve
|
89.6
|
(69.9)
|
Other comprehensive profit/(loss) for the quarter, net of income tax credit/charge
|
89.6
|
(69.9)
|
Total comprehensive (loss) for the quarter - attributable to equity holders of parent
| ||
(183.0)
|
(255.0)
|
Quarter
|
Quarter
| |||
Ended
|
Ended
| |||
June 30,
|
June 30,
| |||
2021
|
2020
Restated*
| |||
Note
|
€M
|
€M
| ||
Operating activities
| ||||
(Loss) after tax
|
(272.6)
|
(185.1)
| ||
Adjustments to reconcile profit after tax to net cash provided by operating activities
| ||||
Tax credit on loss on ordinary activities
|
(51.9)
|
(24.9)
| ||
Hedge ineffectiveness/foreign exchange
|
9.1
|
(296.6)
| ||
Increase/(decrease) in net finance expense
|
0.9
|
(3.3)
| ||
Depreciation
|
134.3
|
134.0
| ||
Share based payments
|
2.4
|
1.0
| ||
(Increase)/decrease in inventories
|
(0.2)
|
0.3
| ||
(Increase)/decrease in trade receivables
|
(3.7)
|
30.1
| ||
(Increase)/decrease in other assets
|
(77.2)
|
89.7
| ||
Increase/(decrease) in trade payables
|
1
|
63.1
|
(134.0)
| |
Increase/(decrease) in accrued expenses
|
788.8
|
(67.3)
| ||
Increase in provisions
|
1.0
|
6.5
| ||
Income tax refunded/(paid)
|
0.2
|
(0.7)
| ||
Net cash provided by/(used in) operating activities
|
594.2
|
(450.3)
| ||
Investing activities
| ||||
Capital expenditure - purchase of property, plant and equipment
|
10
|
(82.0)
|
(34.3)
| |
Supplier reimbursements
|
10
|
113.9
|
-
| |
Decrease in restricted cash
|
-
|
0.3
| ||
(Increase)/decrease in financial assets: cash > 3 months
|
(4.8)
|
112.1
| ||
Net cash provided by/(used in) investing activities
|
27.1
|
78.1
| ||
Financing activities
| ||||
Net proceeds from shares issued
|
3.2
|
5.8
| ||
Finance raised
|
1,192.0
|
690.0
| ||
Repayments of long term borrowings
|
(896.3)
|
(68.0)
| ||
Lease liabilities paid
|
(14.6)
|
(20.5)
| ||
Net cash provided by/(used in) financing activities
|
284.3
|
607.3
| ||
Increase in cash and cash equivalents
|
905.6
|
235.1
| ||
Net foreign exchange differences
|
(4.4)
|
5.3
| ||
Cash and cash equivalents at beginning of the year
|
2,650.7
|
2,566.4
| ||
Cash and cash equivalents at end of the quarter
|
3,551.9
|
2,806.8
|
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 March 31, 2020
|
1,089.2
|
6.5
|
738.5
|
3.5
|
4,245.0
|
(111.3)
|
32.3
|
4,914.5
|
Adjustment on initial application of IFRS 16
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Adj. balance at April 01, 2020
|
1,089.2
|
6.5
|
738.5
|
3.5
|
4,245.0
|
(111.3)
|
32.3
|
4,914.5
|
Loss for the year
|
-
|
-
|
-
|
-
|
(1,015.1)
|
-
|
-
|
(1,015.1)
|
Other comprehensive income
| ||||||||
Net movements in cash-flow reserve
|
-
|
-
|
-
|
-
|
-
|
322.6
|
-
|
322.6
|
Total other comprehensive income
|
-
|
-
|
-
|
-
|
-
|
322.6
|
-
|
322.6
|
Total comprehensive income
|
-
|
-
|
-
|
-
|
(1,015.1)
|
322.6
|
-
|
(692.5)
|
Transactions with owners of the
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Company recognised directly in equity
| ||||||||
Issue of ordinary equity shares
|
38.9
|
0.2
|
423.1
|
-
|
(2.3)
|
-
|
-
|
421.0
|
Share-based payments
|
-
|
-
|
-
|
-
|
-
|
-
|
3.6
|
3.6
|
Repurchase of ordinary equity shares
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Other
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Cancellation of repurchased ordinary shares
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Transfer of exercised and share based awards
|
-
|
-
|
-
|
-
|
4.7
|
-
|
(4.7)
|
-
|
Balance at March 31, 2021
|
1,128.1
|
6.7
|
1,161.6
|
3.5
|
3,232.3
|
211.3
|
31.2
|
4,646.6
|
Loss for the quarter
|
-
|
-
|
-
|
-
|
(272.6)
|
-
|
-
|
(272.6)
|
Other comprehensive income
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net movements in cash flow reserve
|
-
|
-
|
-
|
-
|
-
|
89.6
|
-
|
89.6
|
Total other comprehensive income
|
-
|
-
|
-
|
-
|
-
|
89.6
|
-
|
89.6
|
Total comprehensive income
|
-
|
-
|
-
|
-
|
(272.6)
|
89.6
|
-
|
(183.0)
|
Transactions with owners of the
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Company recognised directly in equity
| ||||||||
Issue of ordinary equity shares
|
0.5
|
-
|
3.2
|
-
|
-
|
-
|
-
|
3.2
|
Share-based payments
|
-
|
-
|
-
|
-
|
-
|
-
|
2.4
|
2.4
|
Transfer of exercised and expired share based awards
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Balance at June 30, 2021
|
1,128.6
|
6.7
|
1,164.8
|
3.5
|
2,959.7
|
300.9
|
33.6
|
4,469.2
|
Ryanair DAC
|
Malta Air
|
Other Airlines
|
Elimination
|
Total
| |
Quarter Ended
|
June 30,
|
June 30,
|
June 30,
|
June 30,
|
June 30,
|
2021
|
2021
|
2021
|
2021
|
2021
| |
€M
|
€M
|
€M
|
€M
|
€M
| |
External revenue
|
364.1
|
-
|
6.4
|
-
|
370.5
|
Inter-segment revenue
|
196.7
|
142.6
|
57.4
|
(396.7)
|
-
|
Segment revenue
|
560.8
|
142.6
|
63.8
|
(396.7)
|
370.5
|
Segment (loss)
|
(244.8)
|
(2.7)
|
(25.1)
|
-
|
(272.6)
|
Other segment information:
| |||||
Depreciation
|
119.9
|
-
|
14.4
|
-
|
134.3
|
Additions
|
269.5
|
-
|
0.5
|
-
|
270.0
|
Ryanair DAC
|
Malta Air
|
Other Airlines
|
Elimination
|
Total
| |
June 30,
|
June 30,
|
June 30,
|
June 30,
|
June 30,
| |
2021
|
2021
|
2021
|
2021
|
2021
| |
€M
|
€M
|
€M
|
€M
|
€M
| |
Segment assets
|
12,961.8
|
91.3
|
343.1
|
-
|
13,396.2
|
Segment liabilities
|
8,069.7
|
115.6
|
741.7
|
-
|
8,927.0
|
Ryanair DAC
|
Malta Air
|
Other Airlines
|
Elimination
|
Total
| |
June 30,
|
June 30
|
June 30,
|
June 30,
|
June 30,
| |
2020
|
2020
|
2020
|
2020
|
2020
| |
€M
|
€M
|
€M
|
€M
|
€M
| |
External revenue
|
121.3
|
-
|
3.9
|
-
|
125.2
|
Inter-segment revenue
|
239.9
|
137.7
|
0.7
|
(378.3)
|
-
|
Segment revenue
|
361.2
|
137.7
|
4.6
|
(378.3)
|
125.2
|
Segment (loss)/profit
|
(127.0)
|
8.3
|
(66.4)
|
-
|
(185.1)
|
Other segment information:
| |||||
Depreciation
|
117.4
|
-
|
16.6
|
-
|
134.0
|
Additions
|
137.4
|
-
|
-
|
-
|
137.4
|
Ryanair DAC
|
Malta Air
|
Other Airlines
|
Elimination
|
Total
| |
June 30,
|
June 30
|
June 30,
|
June 30,
|
June 30,
| |
2020
|
2020
|
2020
|
2020
|
2020
| |
€M
|
€M
|
€M
|
€M
|
€M
| |
Segment assets
|
14,048.7
|
164.3
|
380.8
|
-
|
14,593.8
|
Segment liabilities
|
9,035.2
|
158.6
|
733.7
|
-
|
9,927.5
|
Quarter
Ended
|
Quarter
Ended
| |
June 30,
|
June 30,
| |
2021
|
2020
| |
Basic (Loss) per ordinary share (€)
|
(0.2416)
|
(0.1699)
|
Diluted (Loss) per ordinary share (€)
|
(0.2416)
|
(0.1699)
|
Weighted average number of ordinary shares (in M's) - basic
|
1,128.3
|
1,089.4
|
Weighted average number of ordinary shares (in M's) - diluted
|
1,128.3
|
1,089.4
|
At June 30,
|
At June 30,
|
At Mar 31,
|
At Mar 31,
| |
2021
|
2021
|
2021
|
2021
| |
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
|
96.3
|
96.3
|
109.4
|
109.4
|
- Jet fuel contracts
|
9.2
|
9.2
|
-
|
-
|
- Interest rate swaps
|
1.4
|
1.4
|
1.9
|
1.9
|
106.9
|
106.9
|
111.3
|
111.3
| |
Current financial assets
| ||||
Derivative financial instruments:
| ||||
- U.S. dollar currency forward contracts
|
76.9
|
76.9
|
99.5
|
99.5
|
- GBP currency swap
|
1.4
|
1.4
|
5.4
|
5.4
|
- Jet fuel contracts
|
84.8
|
84.8
|
-
|
-
|
- Interest rate swaps
|
0.9
|
0.9
|
1.1
|
1.1
|
164.0
|
164.0
|
106.0
|
106.0
| |
Trade receivables*
|
22.3
|
-
|
18.6
|
-
|
Cash and cash equivalents*
|
3,551.9
|
-
|
2,650.7
|
-
|
Financial asset: cash > 3 months*
|
470.3
|
-
|
465.5
|
-
|
Restricted cash*
|
34.1
|
-
|
34.1
|
-
|
4,242.6
|
164.0
|
3,274.9
|
106.0
| |
Total financial assets
|
4,349.5
|
270.9
|
3,386.2
|
217.3
|
At June 30,
|
At June 30,
|
At Mar 31,
|
At Mar 31,
| |
2021
|
2021
|
2021
|
2021
| |
Carrying
|
Fair
|
Carrying
|
Fair
| |
Non-current financial liabilities
|
Amount
|
Value
|
Amount
|
Value
|
Derivative financial instruments:
|
€M
|
€M
|
€M
|
€M
|
- U.S. dollar currency forward contracts
|
3.7
|
3.7
|
6.4
|
6.4
|
Long-term debt
|
1,053.1
|
1,061.3
|
1,077.5
|
1,083.2
|
Bonds
|
3,633.7
|
3,764.1
|
2,440.3
|
2,545.5
|
Trade payables
|
188.1
|
188.1
|
179.9
|
179.9
|
4,878.6
|
5,017.2
|
3,704.1
|
3,815.0
| |
Current financial liabilities
| ||||
Derivative financial instruments:
| ||||
- Jet fuel & carbon derivative contracts
|
19.8
|
19.8
| ||
- U.S. dollar currency forward contracts
|
43.1
|
43.1
|
59.4
|
59.4
|
43.1
|
43.1
|
79.2
|
79.2
| |
Current maturities of debt
|
863.1
|
863.1
|
875.1
|
875.1
|
Bonds
|
-
|
-
|
850.8
|
852.6
|
Trade payables*
|
565.8
|
-
|
336.0
|
-
|
Accrued expenses*
|
937.5
|
-
|
887.3
|
-
|
2,409.5
|
906.2
|
3,028.4
|
1,806.9
| |
Total financial liabilities
|
7,288.1
|
5,923.4
|
6,732.5
|
5,621.9
|
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Disclaimer
Ryanair Holdings plc published this content on 26 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2021 10:37:04 UTC.