Good year for RYR !

Passengers : + 14 %
Revenues : + 2 %
Profit after tax : + 204 %

Altogether a very good year for Ryanair !

http://www.ryanair.com/en/news/ryanair-s-full-year-profit-rises-204-percent-to-319m-euro-fares-fall-13-percent-as-traffic-grows-14-percent-to-67m-passengers-ryanair-to-pay-dividend-of-500m-euro-in-october

Excerpt :
Results
We can be proud of delivering a 200% increase in profits and traffic growth during a global recession when many of our competitors have announced losses or cutbacks, while more have gone bankrupt including, Bluewings (Ger), Globespan (UK), My Air (Italy), Segal Air and Sky Europe (Slovakia). Revenues rose 2% to €2,988m as air fares fell 13% while traffic grew 14% to 67m. Unit costs fell 19% due to lower fuel and rigorous cost control. Ancillary sales grew 11% to €664m slightly slower than traffic growth, and amounted to 22% of total revenues.

Fuel costs declined 29% to €894m as oil prices fell from $104 to $62 pbl. We extended our hedging program to 90% for FY11 (at $730 per tonne), 50% of Q1 FY12 (at $750 per tonne) and 20% of Q2 FY12 (at $750 per tonne). Excluding fuel other unit costs fell by 3%.


Capacity cuts by many European flag and non flag carriers caused traffic to fall at many major European airports. We are inundated with offers from large and small airports competing with lower costs and efficient facilities to win Ryanair’s growth. Our airport and handling unit costs fell by 9% despite steep increases at Dublin and Stansted. New routes and bases launched this year will ensure that despite a scandalous (up to) 40% increase in charges at Dublin airport, our airport and handling unit costs will decline again in FY11.

The balance sheet has strengthened as cash has risen by €535m to €2.8bln. We took advantage of recent historically low rates to lock in many of our 2009/2010 deliveries at an all inclusive long term interest cost of under 4% pa. We are fully financed for the remaining 34 deliveries out to January 2011.
Our long term dollar hedging strategy for capex, which extends to the end of 2011, means that we will be purchasing aircraft in 2010/2011 at exceptionally low euro prices with a €/$ exchange rate of 1.46, significantly better than current rates.

very, very good year! 319m euro profit is really an impressive result, i read the whole report and i also found they are going to pay a 500m dividend (!!!) to stakeholders, which is really really much money, considering that total revenues for this year are 2,9b.
Low fares and high profits!