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Ryanair (RYAAY) Q2 Earnings & Revenues Top Estimates, Up Y/Y
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Ryanair Holdings plc (RYAAY - Free Report) reported second-quarter fiscal 2024 (ended Sep 30, 2023) earnings per share (EPS) of $7.21, which outpaced the Zacks Consensus Estimate of $7.13 and improved year over year.
Revenues of $5,361.3 million beat the Zacks Consensus Estimate of $5,137.7 million. Revenues improved year over year, driven by upbeat passenger volumes.
Ryanair Holdings PLC Price, Consensus and EPS Surprise
On the back of the buoyant traffic scenario, RYAAY’s profit after tax was €2.18 billion in second-quarter fiscal 2024, up 59% year over year.
Total operating costs grew 24% to €6.16 billion, owing to much higher fuel costs (up 29% to €2.8 billion), higher staff costs (reflecting pay restoration, pre-agreed pay increases and higher crewing ratios as we invested in ops. resilience) and higher air traffic control fees.
The load factor increased to 95% in the reported quarter from 94% in the year-ago reported quarter.
Average fares also increased 24%.
Ryanair expects its traffic view for fiscal 2024 to be 183.5 million.
J.B. Hunt Transport Services, Inc.’s (JBHT - Free Report) third-quarter 2023 EPS of $1.80 missed the Zacks Consensus Estimate of $1.85 and declined 30% year over year.
JBHT’s total operating revenues of $3,163.8 million also lagged the Zacks Consensus Estimate of $3,224 million and fell 18% year over year. Total operating revenues, excluding fuel surcharges, decreased 15% year over year.
Delta Air Lines, Inc. (DAL - Free Report) reported third-quarter 2023 EPS (excluding 31 cents from nonrecurring items) of $2.03, which comfortably beat the Zacks Consensus Estimate of $1.92 and improved 35% on a year-over-year basis.
DAL’s revenues of $15,488 million beat the Zacks Consensus Estimate of $15,290.4 million and increased 11% on a year-over-year basis, driven by higher air-travel demand.
Alaska Air Group, Inc. (ALK - Free Report) reported third-quarter 2023 EPS of $1.83, which missed the Zacks Consensus Estimate of $1.88 and declined 28% year over year.
Operating revenues of $2,839 million missed the Zacks Consensus Estimate of $2,876.1 million. The top line jumped 0.4% year over year, with passenger revenues accounting for 92.2% of the top line and increasing 0.1% owing to continued recovery in air-travel demandz.
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Ryanair (RYAAY) Q2 Earnings & Revenues Top Estimates, Up Y/Y
Ryanair Holdings plc (RYAAY - Free Report) reported second-quarter fiscal 2024 (ended Sep 30, 2023) earnings per share (EPS) of $7.21, which outpaced the Zacks Consensus Estimate of $7.13 and improved year over year.
Revenues of $5,361.3 million beat the Zacks Consensus Estimate of $5,137.7 million. Revenues improved year over year, driven by upbeat passenger volumes.
Ryanair Holdings PLC Price, Consensus and EPS Surprise
Ryanair Holdings PLC price-consensus-eps-surprise-chart | Ryanair Holdings PLC Quote
On the back of the buoyant traffic scenario, RYAAY’s profit after tax was €2.18 billion in second-quarter fiscal 2024, up 59% year over year.
Total operating costs grew 24% to €6.16 billion, owing to much higher fuel costs (up 29% to €2.8 billion), higher staff costs (reflecting pay restoration, pre-agreed pay increases and higher crewing ratios as we invested in ops. resilience) and higher air traffic control fees.
The load factor increased to 95% in the reported quarter from 94% in the year-ago reported quarter.
Average fares also increased 24%.
Ryanair expects its traffic view for fiscal 2024 to be 183.5 million.
Currently, Ryanair carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performances of Other Transportation Companies
J.B. Hunt Transport Services, Inc.’s (JBHT - Free Report) third-quarter 2023 EPS of $1.80 missed the Zacks Consensus Estimate of $1.85 and declined 30% year over year.
JBHT’s total operating revenues of $3,163.8 million also lagged the Zacks Consensus Estimate of $3,224 million and fell 18% year over year. Total operating revenues, excluding fuel surcharges, decreased 15% year over year.
Delta Air Lines, Inc. (DAL - Free Report) reported third-quarter 2023 EPS (excluding 31 cents from nonrecurring items) of $2.03, which comfortably beat the Zacks Consensus Estimate of $1.92 and improved 35% on a year-over-year basis.
DAL’s revenues of $15,488 million beat the Zacks Consensus Estimate of $15,290.4 million and increased 11% on a year-over-year basis, driven by higher air-travel demand.
Alaska Air Group, Inc. (ALK - Free Report) reported third-quarter 2023 EPS of $1.83, which missed the Zacks Consensus Estimate of $1.88 and declined 28% year over year.
Operating revenues of $2,839 million missed the Zacks Consensus Estimate of $2,876.1 million. The top line jumped 0.4% year over year, with passenger revenues accounting for 92.2% of the top line and increasing 0.1% owing to continued recovery in air-travel demandz.