The Ryanair Group’s full-year traffic recovered strongly to over 97m (27.5m in FY21, but below pre-Covid traffic of 149m).
Ryanair Holdings plc briefed the market that it expects to report a pre-exceptional FY22 (yr. ended 31 Mar. 2022) net loss of between -350m euros and -400m euros (previously guided range of -250m euros to -450m euros). The Ryanair Group’s full-year traffic recovered strongly to over 97m (27.5m in FY21, but below pre-Covid traffic of 149m).
"Ryanair’s balance sheet is one of the strongest in our sector with a BBB (stable) credit rating (S&P and Fitch). Year end (31 Mar.) net debt dropped to 1.5bn euros (prior year 2.3bn euros), and c.90% of the Group’s fleet of B737 aircraft are unencumbered.
Since our last market update on 31 Jan., Ryanair has increased FY23 (yr. ended 31 Mar. 2023) fuel hedging to 80% cover (c.65% jet swaps at $630 and 15% caps at $775 per metric tonne). Almost 10% of Ryanair’s H1 FY24 fuel requirements are hedged at $760 (via jet swaps)."
As this is a closed period, the Ryanair Group’s next market update will be on 16 May when they release FY22 results.
Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.
She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.
