Profit Ryanair-a smanjen za trećinu na 538 milijuna eura

Ryanair reported a significant decline in after-tax profits, falling by 34% to €538 million for the first quarter of its financial year, which ended on June 30. This marks a sharp contrast to the €820 million profit recorded during the same period last year. The downturn was attributed primarily to a surge in jet fuel costs and a decrease in average fares. According to the airline, first-quarter average fares dropped by 6% compared to the previous year, while operating costs climbed 11% to €3.81 billion. Passenger numbers, however, showed growth, increasing by 6% to 61.3 million, and total revenue rose slightly to €4.38 billion. The company's chief executive, Michael O’Leary, highlighted that the rise in fuel prices was driven by the ongoing conflict in the Middle East, which has created economic uncertainty and affected consumer behavior. He noted that the cost of unhedged jet fuel more than doubled during the quarter, significantly impacting the airline’s profitability. Additionally, O’Leary pointed to reduced fare levels as another contributing factor, citing consumer hesitation due to the geopolitical situation and concerns over potential EU jet-fuel shortages. Ryanair has taken steps to mitigate future fuel costs by securing a portion of its fuel requirements in advance. For the current financial year, the airline has purchased 80% of its fuel needs at a rate of $67 per barrel, equivalent to €58.56. However, the remaining 20% of fuel must be acquired at inflated prices due to the ongoing tensions between the United States and Iran. Looking ahead, the airline has hedged 15% of its fuel needs for the next financial year at $88 per barrel. The final cost for the upcoming financial year, which concludes on March 31, 2027, will hinge on the price paid for the unhedged 20% of fuel. Despite the profit decline, Ryanair confirmed that it has become debt-free following the repayment of its final €1.2 billion bond in May. The airline remains optimistic about carrying 216 million passengers during the current financial year, representing a 4% increase from the previous year. O’Leary emphasized that while summer bookings appear strong, there is still uncertainty regarding passenger booking patterns. Passengers have been booking closer to their travel dates than in prior years, complicating demand forecasting. O’Leary also mentioned that current quarter fares are “trending modestly down” compared to the same period last year. The outcome for the summer season will largely depend on how much passengers who book late will ultimately pay. As the airline navigates these challenges, it continues to monitor market conditions and adjust strategies accordingly. The company remains focused on maintaining its operational efficiency and ensuring customer satisfaction amid evolving economic and geopolitical factors.