Ryanair 5/20/2024 Earnings Report

Ryanair EPS Results

• Actual EPS: -$1.31
• Consensus EPS: -$1.32
• Beat/Miss: Beat by +$0.01
• One Year Ago EPS: N/A

Ryanair Revenue Results

• Actual Revenue: $2.36 billion
• Expected Revenue: $2.33 billion
• Beat/Miss: Beat by +$23.29 million
• YoY Revenue Growth: N/A

Ryanair Announcement Details

• Date: 5/20/2024
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

Ryanair (NASDAQ:RYAAY) is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments. Ryanair’s route model emphasizes operations at secondary and regional airports to reduce costs and enable frequent, direct services between city pairs. In addition to base fares, the company generates a significant portion of its revenue from ancillary services such as baggage fees, priority boarding, seat selection, retail and on-board sales, and travel-related products like car hire and hotel bookings.

Ryanair conducts operations through a number of operating subsidiaries and brands to cover different jurisdictions and market needs. The company is publicly traded and governed by a board of directors, with longtime executive Michael O’Leary serving as its most prominent senior leader. Strategic priorities have included fleet modernization, network expansion across European markets, cost containment, and the development of ancillary revenue streams to support its low-fare proposition.