(Il Sole 24 Ore Radiocor) - Milano, 18 mag - Irish low cost carrier Ryanair said that in the full year ended in March revenue rose 11% to 15.54 billion euros while traffic rose 4% to 208.4 million passengers and the load factor was unchanged at 94%.

Ancillary revenue rose 6% to 4.99 billion euros, or 24 euros per passenger. Operating costs pre-exceptional items rose 6% to 13.09 billion euros, or up 1% per passsenger.

The group booked an 85 million euro provision for Italian antitrust fine that the group considers to be "baseless" and is confident it will be overturned.

Operating profit jumped 52% to 2.374 billion euros. Profit after tax before exceptional items rose 40% to 2.26 billion euros.

Ryanair said it expects its FY27 traffic to grow 4% to 216 millio passengers. It noted that while 80% if its FY27 jet-fuel requirement is hedged at its 67 dollars per barrel, the price of the unhedged 20% has spiked due to the Middle East conflict. It said that EU environmental taxes are expected to rise by a further 300 million euros this year to about 1.4 billion euros, making EU air travel even less competitive.

With the first week of Easter falling into March, benefiting the fourth quarter of FY26, Ryanair expects fares in the first quarter to be a mid-single digit behind the same period a year ago that had benefited from Easter fully.

Ryanair said that with constrained EU short-haul capacity, it had originally expected Summer 2026 fares to rise by low single digits ahead of last year.

Second quarter pricing, even with limited visibility, is trending broadly flat and the final outcome will be totally dependent on close-in peak Summer 2026 bookings and fares.

With zero visibility for the second half and significant fuel price/potential supply volatility it is far too early to provide any meaningful FY27 profit guidance at this time.

"The final FY27 outcome remains heavily exposed to adverse external developments, including conflict escalation in the Middle East and Ukraine, risks to fuel supply shortages, higher for longer fuel prices on its unhedged 20%, macro-economic shocks, and European ATC strikes & mismanagement," Ryanair said.

"We hope to be able to give shareholders a clearer picture on H1 pricing and fuel costs during our Q1 results release in.

late July."

(RADIOCOR) 18-05-26 08:44:36 (0118) 5 NNNN