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Ryanair first-half profit after tax increased to 1.41 billion

Staff writer |
Ryanair Holdings plc reported that its first-half profit after tax increased to 1.41 billion euros from 795.0 million euros, a year ago.

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Earnings per ordinary share in euro cent was 102.66 compared to 57.29 prior year. Adjusted profit after tax for the half-year rose 37% to 1.09 billion euros from 795.0 million euros, a year ago.

Revenue was 4.04 billion euros compared to 3.54 billion euros, a year ago. Traffic grew 13% to 58 million as load factor jumped 4% points to 93%.

Looking forward, the Group has raised its fiscal 2016 traffic target from 104 million to 105 million customers due to higher load factors in the second half with third-quarter traffic set to grow 17% and fourth quarter by 22%.

The group now guides that full year net profit (pre-exceptions) will be towards the upper end of its 1.175 billion euros to 1.225 billion euros range.

However, the company cautioned that the guidance is heavily dependent on the strength of close-in bookings in fourth-quarter, where it has almost zero visibility yet planning to deliver 22% traffic growth.


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