{"id":12062,"date":"2023-05-22T09:36:59","date_gmt":"2023-05-22T13:36:59","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/ryanair-swung-to-fy-2023-net-profit-as-revenue-beat-consensus-earnings-review\/"},"modified":"2023-05-22T09:36:59","modified_gmt":"2023-05-22T13:36:59","slug":"ryanair-swung-to-fy-2023-net-profit-as-revenue-beat-consensus-earnings-review","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=12062","title":{"rendered":"Ryanair Swung to FY 2023 Net Profit as Revenue Beat Consensus &#8212; Earnings Review"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20230522-701574\" role=\"document\">\n<p>By Anthony O. Goriainoff<\/p>\n<pre><\/pre>\n<p>Ryanair Holdings reported earnings for fiscal 2023 on Monday. Here&#8217;s what we watched:<\/p>\n<pre><\/pre>\n<p>NET PROFIT: The Irish low cost carrier reported a swing to net profit of 1.31 billion euros ($1.42 billion) for the year ended March 31 from a net loss of EUR240.8 million for fiscal 2022.<\/p>\n<div class=\"paywall\">\n<pre><\/pre>\n<p>REVENUE: Revenue for the period was EUR10.78 billion, compared with EUR4.80 billion the year before. Revenue consensus for the year was EUR10.68 billion, taken from FactSet and based on 19 analysts&#8217; estimates. The company said this was due to a 74% rise in traffic with fares being 10% above prepandemic levels, as well as a rise in ancillary revenue to EUR3.84 billion from EUR2.15 billion the year before.<\/p>\n<pre><\/pre>\n<p>WHAT WE WATCHED:<\/p>\n<p>&#8211;ADJUSTED PROFIT AFTER TAX: The budget airline reported a swing to pre-exceptional profit after tax&#8211;its preferred metric&#8211;of EUR1.43 billion from a loss of EUR355 million last year.<\/p>\n<p>&#8211;COSTS: The company said it expects its fuel bill for fiscal 2024 to increase by over EUR1 billion. Ryanair added that it anticipates a modest increase in unit costs, excluding fuel, as annualized crew pay restoration, higher crew ratios this summer and increased, enroute charges, and that these won&#8217;t be fully offset by the expected Boeing aircraft deliveries.<\/p>\n<pre><\/pre>\n<p>Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/ryanair-swung-to-fy-2023-net-profit-as-revenue-beat-consensus-earnings-review-8bff6167?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Anthony O. Goriainoff Ryanair Holdings reported earnings for fiscal 2023 on Monday. Here&#8217;s what we watched: NET PROFIT: The Irish low cost carrier reported a swing to net profit of 1.31 billion euros ($1.42 billion) for the year ended March 31 from a net loss of EUR240.8 million for fiscal 2022. REVENUE: Revenue for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-12062","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ryanair Swung to FY 2023 Net Profit as Revenue Beat Consensus -- Earnings Review | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Anthony O. Goriainoff Ryanair Holdings reported earnings for fiscal 2023 on Monday. 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