Heatwave hits Ryanair’s bookings
July 31st, 2013 by elisa

The heatwave might have been great for domestic tourism, but summer bookings for Ryanair were hit because of the more temperate climate across Northern Europe.

Profits fell 21% to 78 million euros in the three months to 30th June, reports the low cost airline.

The timing of the Easter holidays and the impact of the French ATC strikes caused average fares to fall 4%, but revenue per passengers rose 1% due to strong ancillary growth.

It said the close-in summer bookings were slightly less in recent weeks due to the ‘heatwave in in Northern Europe’, but full year guidance remains unchanged.

It said: “While we expect full year traffic to grow 3% to 81.5m, we still have no visibility over next winter’s yields, and on the basis that the recent yield weakness in close-in summer bookings does not continue, we see no reason to change our full year profit after tax guidance which remains at between €570m to €600m.”

Ryanair’s CEO, Michael O’Leary, said: “As previously guided higher fuel costs and the timing of Easter led to Q1 profits falling €21m to €78m. Ancillary revenues grew by 25% to €357m (27% of total revenues) driven by the successful development of reserved seating, priority boarding, and higher admin credit card fees. “

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