Ryanair On 'Pessimistic Side Of Cautious'

Ryanair On 'Pessimistic Side Of Cautious'

The Irish based company said post-tax profits rose by 10 percent to €1.45bn for the year 2017-2018.

Ryanair boosted its passenger count in the year ending March 31, 2018, by 9 percent to 130.3 million, despite grounding 25 aircraft over winter because of problems with pilot rostering. "It may sound like great news that 90% of 2019 fuel needs are hedged at $58/barrel, but higher oil prices are still adding €400M to the bill". The improved performance came despite a drop of 3 percent in air fares, rising fuel prices and the fall-out from last September's rostering error.

Profits have jumped 10pc at Ryanair for the last 12 months to March. "If that continues to build, it's something we may have to look at again".

"We expect the market for experienced pilots in Europe to remain tight for the next 12 months, and accordingly, this will continue to put upward pressure on staff costs for all European Union airlines", it said in a statement.

DUBLIN, May 21 (Reuters) - Higher fuel and staff costs, combined with flat fares, will knock profits at Ryanair back from record levels, Europe's biggest low-priced airline said on Monday.

Ryanair, which previously operated only Boeing Co. aircraft, will expand the fleet at Austria's LaudaMotion to many as 50 Airbus A320s over four years and the narrow-body model could eventually account for 20 percent of the group's overall roster, Chief Executive Officer Michael O'Leary said in an interview Monday.

GE Close to Merging Transportation Division with Wabtec
Cowen reissued a "buy" rating and issued a $90.00 price objective on shares of Wabtec in a research note on Monday, April 23rd. GE has seen its stock price plummet in recent years, and the company's management has talked about options for restructuring.

Caleb Lee Hutchinson: 'American Idol' 2018 Finale Performances
She just wants to make and sing music forever. "She was awesome , that's my critique!" he said. More of the show's cast-offs appeared tonight, to perform classic hits for viewers as well.

USA says it is preparing for North Korea summit to go ahead
The State Department also said it was going ahead with preparations for the summit as planned earlier. Donald Kirk , who has been a columnist for Korea Times and South China Morning Post.

Ryanair boss Michael O'Leary warned today that some underperforming airlines will go to the wall over the coming winter as soaring oil prices take a chunk out of their margins.

"LaudaMotion has a valuable portfolio of slots at many congested airports in Germany, Vienna, and Palma de Mallorca, " he said. It anticipates traffic growth of 7% in the 2019 financial year, with flat load factors of 95%.

"This will lead to a modest increase in ex-fuel unit costs next year but will underpin our growth to nearly 600 aircraft and 200m guests per annum by FY24, " O'Leary said.

O'Leary described this outlook as being "on the pessimistic side of cautious".

Its downbeat tone was in contrast to rival EasyJet, Europe's second-biggest low-priced airline, which said last week that it expects profits to rise more than 30 percent for the year to end-September as it benefits from strong travel demand and the collapse of some smaller rivals.

The airline grew its business previous year despite disruption caused by a rostering failure that forced it to cancel flights in the autumn.

Related news:

Hot News

isis-killer-beheading-video-story-top Israel urges ICC to reject Palestinian request
May 22, 2018 - 22:16
The Palestinians believe the settlement case to be their strongest to take to the ICC. Israel withdrew its settlements and some 8,000 settlers from Gaza in 2005.

isis-killer-beheading-video-story-top Germany foreign minister to meet Mike Pompeo over Iran nuclear deal
May 22, 2018 - 22:06
Critics rounded on Pompeo's speech, saying his demands could have been made without pulling America from the nuclear deal. The EU has been trying to persuade Iran to stay in the 2015 agreement, even without Washington's participation.

isis-killer-beheading-video-story-top He suggests campaign 'infiltration' was politically motivated, wants new investigation
May 22, 2018 - 16:38
Trump allies from Kellyanne Conway to Rudy Giuliani were soon sharing grave concerns about the presence of a spy in the campaign's midst.

isis-killer-beheading-video-story-top Santa Fe High School shooter studied previous mass shootings, acted alone
May 22, 2018 - 11:47
The chaotic day devastated this small, conservative city, where everyone knows their neighbors and just about everyone owns a gun. He added: "And her best friend that spent the night at my house, swam in my pool, is dead from a tragedy".

isis-killer-beheading-video-story-top Unai Emery set to be Arsenal Manager
May 22, 2018 - 11:43
Emery emerged as the unanimous choice following a recruitment process in which all candidates were spoken to. Arteta, who played 150 games for Arsenal between 2011 and 2016, even had Wenger's blessing.

isis-killer-beheading-video-story-top North Korea: Meeting Should Take Up Abysmal Rights Climate
May 22, 2018 - 11:25
Trump's National Security Advisor John Bolton also has drawn Pyongyang's ire by referring to Libya as a denuclearisation model. Last week, North Korea had threatened to cancel the meeting, blaming the USA demands for "unilateral nuclear abandonment".

isis-killer-beheading-video-story-top Malaysia ex-leader seeks police protection amid graft probe
May 22, 2018 - 11:19
MACC chief Mohd Shukri Abdull says the agency was unable to continue the probe as it had no consent from the attorney-general. Najib and his reviled, luxury-loving wife Rosmah Mansor have had a swift fall from grace.

isis-killer-beheading-video-story-top New threat from volcano in Hawaii
May 22, 2018 - 10:35
With the problems compounding, scientists can not say if lava flows from almost two dozen fissures will keep advancing or stop. It has been gushing lava high into the sky and sending a river of molten rock toward the ocean at about 300 yards per hour.

isis-killer-beheading-video-story-top Police officer shot in Maryland has died
May 22, 2018 - 10:32
The officer was taken to the hospital, where she was pronounced dead at 2:50 p.m., according to CNN affiliate WJZ-TV. Hardgrove said she could not confirm that the officer had been shot. "We are seeing police officers assaulted".

isis-killer-beheading-video-story-top Steve Bannon Blasts Mnuchin for Botching China Trade Negotiations
May 22, 2018 - 10:31
A week ago, Trump tweeted that he was working with Chinese President Xi Jinping to put ZTE "back in business, fast". Stocks are opening solidly higher on Wall Street after trade tensions between the US and China dissipated.

isis-killer-beheading-video-story-top 1 dead, 1 injured in cougar attack in Washington state
May 22, 2018 - 10:16
At one point, Brooks got off the bike and ran away, catching the attention of the big cat, whose instinct was to chase. First responders from fire and sheriff's departments treated the victim, who suffered deep cuts throughout his body.

isis-killer-beheading-video-story-top Charlotte and George steal the show as royal kids complete memorable day
May 22, 2018 - 09:36
The other pageboys were seven-year-old twins John and Brian Mulroney and Jasper Dyer, six, another of Prince Harry's godsons. Eventually, it was decided that Duchess Kate would walk with the children into the chapel.

isis-killer-beheading-video-story-top Top alpinist Nobukazu Kuriki dies in eighth attempt to conquer Everest
May 22, 2018 - 04:31
Almost 350 climbers have been given permits to climb the Everest this year, assisted by more than 500 Nepali guides and porters. Macedonian Gjeorgi Petkov and Lam Babu Sherpa are the two others who have died on Everest this climbing season so far.

isis-killer-beheading-video-story-top Warriors eager to get back on the court, respond from loss
May 22, 2018 - 01:57
If Boston Celtics and Houston Rockets players aren't planning to do so, they should-and so should their fans. Houston has accomplished what each of Golden State's first two playoff opponents were able to do.

isis-killer-beheading-video-story-top Call of Duty Black Ops 4 Blackout Battle Royale Mode Announced
May 18, 2018 - 08:31
But Black Ops 4 has made gameplay decisions to differentiate itself from the pack and give players reasons to make the jump. This announcement came as part of the official Call of Duty Black Ops 4 reveal event held earlier today .