RYANAIR RAISES TRAFFIC FORECAST & UPDATES PROFIT GUIDANCE AT AGM DUE TO IMPROVING CUSTOMER EXPERIENCE
Ryanair, Europe's favourite airline, held its 2014 AGM at its new Dublin offices in Swords today (25 Sep), during which the airline briefed shareholders on the continuing success of its improving customer experience, and the strong early uptake of its new Business Plus service.
The continuing success of these 'Always Getting Better' initiatives has enabled Ryanair to raise its full year traffic forecast from 86m to 87m customers, and move its full year net profit towards the upper end of its (previously guided) €620m to €650m range.
Ryanair's Michael O'Leary said:
"Our customers and our shareholders have responded favourably to our improving customer experience, our better digital platform and the positive initial uptake of our Business Plus service. We now expect
slightly stronger traffic growth in the winter schedule, as we open new bases in primary airports at Cologne, Gdansk, Glasgow and Warsaw Modlin, as well as significantly increasing flight frequencies and
schedules from Dublin to UK cities, and from Dublin to European capitals.
While still too early to be confident about H2 fares and yields, the continuing strength of our forward bookings and the improving customer experience leads us to cautiously raise our full year traffic forecast to
87m customers, and our full year profit guidance towards the upper end of our current €620m-€650m range.
However, the full year profit outturn continues to be heavily dependent on H2 yields over which we have very little visibility at present. We will give an update on Q3 yield performance at our half year results
announcement in early November."
ENDS
For further information
please contact: Robin Kiely Joe Carmody
Ryanair Ltd Edelman Ireland
Tel: +353-1-9451212 Tel: +353-1-6789 333
press@ryanair.com ryanair@edelman.com
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