May 20, 2019 / 09:00AM GMT
Operator
Hello, and welcome to the Ryanair Full Year 2019 Results Conference Call. (Operator Instructions) Just to remind you, this conference call is being recorded. Today, I'm pleased to present Michael O'Leary, CEO. Please go ahead with your meeting.
Michael O'Leary - Ryanair Holdings plc - CEO & Executive Director
Okay. Good morning, ladies and gentlemen. Welcome to the Ryanair Full Year Results Conference Call. We are spread across the continent, so I'm here in New York with Shane O'toole. Neil Sorahan and the finance team are largely in London, and then we're joined by most -- the rest of the senior management who are in Dublin.
As you see this morning, we guided for -- we announced full year profit down 29% to EUR 1.02 billion on the back of principally lower fares. Over last year, our average fares fell by 6% to just EUR 37. The good news, however, is that the traffic grew by 9% to EUR 142 million, including Lauda's 3 million passengers. Ancillary revenue rose strongly, up 19% to EUR 2.4 billion.
And at the year-end, the
Full Year 2019 Ryanair Holdings PLC Earnings Call Transcript
Feb 08, 2024
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