H1 Results - Nov 2016

AGB raises growth to 200m p.a. 200 185 165 145 125 105 85 65 C'mers (m) 15/16 RYANAIR LOW FARES. MADE SIMPLE. 69 easyJet 79 O Lufthansa 79 AIRFRANCE KLM 88 IAG FLE (Source: Annual Reports, company forecasts) 106 RYANAIR LOW ARES MADE SIMPLE 119 FY17 +5 130 FY18 +8 143 FY19 +12 152 FY20 +12 162 FY21 +15 175 FY22 +19 189 FY23 +20 200 FY24 15

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