Good Q1 results

Ryanair, Europe’s largest passenger airline today (July 25) announced a Q1 net profit of €139m a slight increase of 1% on Q1 last year. Revenues grew by 29% to €1,155m as traffic increased 18% and ave. fares rose 11%. Unit costs rose by 14% due to a 49% increase in fuel costs. Excluding fuel, sector length adjusted unit costs fell by 1%.

A full analysis of the situation by Michael O'Leary to be read here :

http://www.ryanair.com/ie/news/ryanair-announces-q1-net-profit-of-139m-euro

The future does not look bad either :

Our outlook for the remainder of the year remains unchanged. We anticipate traffic in FY12 will grow by 4% comprising 10% growth in H1, and then fall by approx. 4% in H2 due to already announced winter capacity cuts. We expect average fares in FY12 to rise by up to 12% due to the better mix of new routes and bases, our winter capacity cuts, higher competitor fares and fuel surcharges. We anticipate Q2 yields will rise by 12% to 15%. We expect operating costs per passenger for FY12 to rise by 13% due to higher oil prices. Excluding fuel, sector length adjusted unit costs should rise by just 2% mainly due to Eurocontrol, Dublin airport, and staff cost increases. With very limited visibility on H2 bookings or yields at this time, our full year guidance remains unchanged as we expect profit after tax for FY12 to be similar to the FY11 result of €400m.

Great news...
To celebrate I suggest MOL announces a week of 1p and 1c fares