Ryanair Reports Profit In Q3; Revenues Up 17% - Quick Facts

(RTTNews) - Ryanair (RYA.L, RYAAY), Europe's low fares airline, reported third-quarter net profit of 49 million euros, compared to a loss of 35 million euros, prior year. Profit per share in euro cents was 3.53, compared to a loss of 2.50.

Revenues grew 17% to 1.13 billion euros, while unit costs fell 6% (ex-fuel flat). Traffic grew 14% to 20.8 million customers. Load Factors rose 6% points from 82% to 88%.

Ryanair said, as previously guided, its full year traffic will rise to just over 90 million, as load factors rise to 87%. Fourth-quarter traffic is expected to grow approx. 25% but ave fares will fall by 6% to 8%.

The company raised fiscal year net profit guidance to a range of 840 million euros to 850 million euros, from a range of 810 million euros to 830 million euros.

The company said a 520 million euros special dividend (0.375 euros per share) will be paid on 27 February. The Board of Ryanair has approved a 400 million euros share buy-back programme to commence on 12 Feb. This systemic programme will be executed over a 6 month period from Feb to August 2015.