The following is a summary of the Ryanair Holdings Plc (RYAAY) Q4 2024 Earnings Call Transcript:
Financial Performance:
Ryanair reported a full-year tax growth of 34% with an after-tax profit of €1.92 billion and a 9% increase in traffic to 184 million passengers.
Their revenues increased by 25% to €13.4 billion despite a 32% surge in their fuel bill.
Operating costs also rose by 24% to €11.3 billion majorly due to the increased fuel costs.
The company has effectively hedged 70% of their FY25 fuel at $79 a barrel, saving €450 million for the full year.
Business Progress:
Ryanair welcomed 146 new Boeing 737 Gamechanger aircraft into their fleet, which now lies below 600 aircraft.
Five new bases across Europe were opened and over 200 new routes for summer 2024 initiated.
A maiden interim dividend of €400 million was announced, with similar expectations for 2025.
In a bid to increase efficiency, the company is working with Boeing to improve 737 deliveries and expects to operate about 158 Gamechangers by the end of July.
They have set a growth target of 8% in FY25, with a passenger range of between 198 million and 200 million.
The airline has partnered with major fuel companies in Europe to achieve their objective of fueling 12.5% of their flights with sustainable aviation fuels (SAFs) by 2030.
They announced a €700 million share buyback, forecasting the return of almost €8 billion to its shareholders since 2008. The company expects to increase its EU share ownership from 48% to 50% over the next 12 months.
More details: Ryanair IR
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