The following is a summary of the Ryanair Holdings Plc (RYAAY) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Ryanair reported a full-year tax growth of 34% with an after-tax profit of €1.92 billion and a 9% increase in traffic to 184 million passengers.

• Their revenues increased by 25% to €13.4 billion despite a 32% surge in their fuel bill.

• Operating costs also rose by 24% to €11.3 billion majorly due to the increased fuel costs.

• The company has effectively hedged 70% of their FY25 fuel at $79 a barrel, saving €450 million for the full year.

Business Progress:

• Ryanair welcomed 146 new Boeing 737 Gamechanger aircraft into their fleet, which now lies below 600 aircraft.

• Five new bases across Europe were opened and over 200 new routes for summer 2024 initiated.

• A maiden interim dividend of €400 million was announced, with similar expectations for 2025.

• In a bid to increase efficiency, the company is working with Boeing to improve 737 deliveries and expects to operate about 158 Gamechangers by the end of July.

• They have set a growth target of 8% in FY25, with a passenger range of between 198 million and 200 million.

• The airline has partnered with major fuel companies in Europe to achieve their objective of fueling 12.5% of their flights with sustainable aviation fuels (SAFs) by 2030.

• They announced a €700 million share buyback, forecasting the return of almost €8 billion to its shareholders since 2008. The company expects to increase its EU share ownership from 48% to 50% over the next 12 months.

More details: Ryanair IR

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