Ryanair has reported a 12% rise in Q3 profit to €106 million as average fares fell 4% to €32 per customer. Additionally, traffic grew 6% to 30.4 million, with load factors up 1% to 96% and unit costs falling 1% (ex-fuel unit costs rose 3%).
| Q3 Results (IFRS) | Dec. 31, 2016 | Dec. 31, 2017 | % Change |
| Customers (m) | 28.8 | 30.4 | +6% |
| Revenue (m) | €1,345 | €1,405 | +4% |
| Profit after Tax (m) | €95 | €106 | +12% |
| Net Margin | 7% | 8% | +1pt |
| Basic EPS | €0.0760 | €0.0893 | +17% |
Ryanair CEO Michael O’Leary said, "We are pleased to report this 12% increase in profits during a very challenging Q3. Following our pilot rostering failure in September, the painful decision to ground 25 aircraft ensured that punctuality of our operations quickly returned to our normal 90% average. Our AGB customer service programme, coupled with 4% lower fares, stimulated 6% traffic growth to 30.4 million at an industry leading 96% load factor."
ADVERTISEMENT
