Ryanair Q2: Revenue Climbs, Traffic Surges, But Boeing Delays And Cost Pressures Weigh On Results

Ryanair Holdings plc (NASDAQ:RYAAY) reported second-quarter revenue growth of 3% YoY to €5.07 billion ($5.57 billion, beating the $5.55 billion estimate). Scheduled revenues gained 1% YoY to €3.62 billion, with a 7% decrease in average fares to 61 euros.

Traffic rose 9% to 115 million despite Boeing delays, while ancillary revenues grew 10% to 2.74 billion euros for the six months ended September 30.

Ryanair’s second-quarter EPS stood at 1.285 euros, down from 1.3239 euros a year ago. Operating costs increased 6% year over year to 3.42 billion euros. Net cash inflow from operating activities for the half-year period stood at 1.181 billion euros, down from 1.64 billion euros a year ago.

As of September 30, gross cash exceeded 3.3 billion ...