FY 2016 Results

FY17 Guidance ✈ Load Factor flat (93%) ✈ Traffic up 9% to 116m ■ Cautious → Ex-fuel unit costs fall 1% (incl. fuel: -6%) ✈ Avg. fare -7% (H1 -5/-7%) / (H2 -10/-12%) ✈ PAT up 13% to €1.375bn - €1.425bn range RYANAIR LOW FARES. MADE SIMPLE. ✈ Subj to - Q2 & H2 yields (LF active/yield pass) - External shocks/ATC strikes/Capac growth 16

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