RYANAIR Q1 FY22 Financial Summary
EU cost leadership
FY20 per pax
(ex fuel)
Staff/efficiency
Airport & Hand.
Route Charges
Own'ship & maint.
S & M other
Total
Fuel saves FY22
RYANAIR
€7
€8
€5
€7
€4
€31
●
enhanced
Cost savings initiatives:
Pay deals agreed
Pay cuts of 5% to 20% (restored over 3/5 years) - built in flexibility
Growth deals as B-8200s delivs. drive vol. discs. (WIP)
STN, BGY, CRL low-cost growth deals extended to 2028-30
Airports offset compr. traffic cuts/closures - 10 new bases
Based on ATC cost recovery - ANSPs will try to price gouge
210 x B-8200 "gamechanger" aircraft (+4% seats, -16% fuel, -40% noise)
Sell older aircraft / return maturing leases
Better lease & maint. terms (less outsourced maint.)
BBB rating = cheaper finance (€1.2bn bond @ 0.875% record low coupon)
Labs lowers marketing spend
EU261 costs steeply down (OTP 95%)
B-8200 16% lower fuel burn (early Gamechanger figures v. positive)
20
MORE CHOICE. LOW FARES. GREAT CARE.
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