Half Year Results

FY'14 OUTLOOK Vor ✔ Vou !!! FY Traffic up 2% to 81m. Q3 +3%, Q4 (no Easter) -1% FY fuel up €130m, ( from €170m due savings & cap. cuts) FY unit costs ex fuel up 1%. Sect. length adj. ↓ 4% (↓ 7% H2) FY guide cut (€500m-€520m) due lower fares, Q3 -9%, Q4 -10% Fuel & $ costs fall into FY 15 Apt deals (Stn & Mod) & Ire govt tax cut red. unit costs further New c'mer service & web improvements to drive demand 175 a/c order delivers controlled, profitable growth to FY'19 Europe's favourite low fares airline RYANAIR © This presentation is subject to copyright and may not be copied or used without the express prior consent of Ryanair 14

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