Ryanair (RYAAY) Q4 Loss Wider Than Expected, Stock Down
Zacks Investment Research | May 20, 2019 09:31PM ET
Ryanair Holdings Plc (NASDAQ:RYAAY) incurred a loss of 74 cents per share in fourth-quarter fiscal 2019 (ended Mar 31, 2019), wider than the Zacks Consensus Estimate of a loss of 64 cents. The company had reported earnings of 30 cents per share a year ago.
Revenues came in at $1,451 million compared with $1,623 million recorded in the year-ago period.
Fiscal 2019 Results
In fiscal 2019, revenues increased 6% to €7.15 billion on account of a 19% increase in ancillary revenues to €2.4 billion. In euro terms, Ryanair’s full-year profit (excluding LaudaMotion) declined 29% to €1.02 billion due to a 6% decline in airfares. Unit costs, excluding fuel, rose 5% due to higher labor costs among other factors.
Ryanair’s below-par performance disappointed investors. Consequently, the stock declined around 2% at the close of business on May 20.
Meanwhile, fiscal 2019 traffic (excluding LaudaMotion) increased 7% to 139 million, while load factor improved to 96% from 95% a year ago. Including LaudaMotion, traffic grew 9% to 142 million.
Capital expenditures during the period were in excess of €1.5 billion. So, net debt inched up slightly year over year to €450 million.
During fiscal 2019, the company returned more than €560 million to its shareholders through buybacks. Ryanair has also cleared a new buyback program worth €700 million, which will commence later this week and run through the next 9-12 months.
Ryanair Holdings PLC Price, Consensus and EPS Surprise
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.