Ryanair’s profits to gain altitude amid recession

Ryanair Chief Executive, Michael O'Leary, has confirmed he remains “comfortable” with analyst estimates of a EUR60-80 million profit for the 12 months ended 31-Mar-09 (with the results to be released at the beginning of June). Mr O’Leary earlier forecast the carrier’s profits will “jump substantially” over the next 12 months – a comment that has put considerable support under the airline’s share price lately. [2041 words]

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This report contains the following subheadings:

• April-09 passengers numbers and seat factors up - as expected
• New routes and service growth
• Expansive new aircraft orders to be pursued, when the price is right...
• ...but no long-haul, yet
• Aer Lingus shareholding weighs on Ryanair
• Criticism continues for Dublin Airport
• And the same goes for London
• A win at Weeze
• Ryanair to "charitably" authorise "Price Comparison Only" websites
• Search for additional ancillary charges relentlessly continues

This report contains the following charts and tables:

• Ryanair share price (GBP) Apr-2008 to May-2009
• Ryanair traffic highlights: Apr-2009
• Ryanair passenger numbers and passenger load factor: May-08 to Apr-09
• Ryanair, easyJet and British Airways passenger number growth (% change year-on-year): May-08 to Apr-09
• Ryanair ancillary revenue as a portion of total revenue: 1Q05 to 3Q09