Blueprint
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the
month of January
2019
RYANAIR HOLDINGS PLC
(Translation
of registrant's name into English)
c/o Ryanair Ltd Corporate Head Office
Dublin
Airport
County Dublin Ireland
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file
annual
reports
under cover Form 20-F or Form 40-F.
Form
20-F..X.. Form 40-F
Indicate
by check mark whether the registrant by furnishing the
information
contained
in this Form is also thereby furnishing the information to
the
Commission
pursuant to Rule 12g3-2(b) under the Securities
Exchange
Act of
1934.
Yes
No ..X..
If
"Yes" is marked, indicate below the file number assigned to the
registrant
in
connection with Rule 12g3-2(b): 82- ________
This announcement contains inside information.
RYANAIR LOWERS FULL YEAR GUIDANCE FROM
€1.1BN - €1.2BN RANGE TO €1.0BN - €1.1BN
RANGE
Ryanair today (18 Jan) lowered its full year profit guidance (excl.
Lauda) from a current PAT range of €1.1bn - €1.2bn to a
new range of €1.0bn - €1.1bn due to:
-
Lower winter fares, which are expected to fall 7% (previous
guidance -2%);
-
Stronger traffic growth, up 9% to 142m (prev. guidance of
141m);
-
Stronger ancillary sales as more customers choose lower cost
optional services;
-
Slightly better than expected H2 unit cost
performance.
This guidance excludes (exceptional) start-up losses in Lauda,
which have been cut from €150m to €140m on the back of
better than expected unit cost performance during the winter
period.
Ryanair's Michael O'Leary said:
"While we are disappointed at this slightly lower full year
guidance, the fact that it is the direct result of lower than
expected H2 air fares, offset by stronger than expected traffic
growth, a better than expected performance on unit cost and
ancillary sales is positive for the medium term. There is short
haul over capacity in Europe this winter, but Ryanair continues to
pursue our price passive/load factor active strategy to the benefit
of our customers who are enjoying record lower air fares. We
believe this lower fare environment will continue to shake out more
loss making competitors, with WOW, Flybe, and reportedly Germania
for example, all currently for sale.
Both Ryanair and Lauda will report stronger than expected traffic
growth, an improving ancillary revenue performance, and strong unit
cost discipline this winter, which helps to defray the impact of
these lower than expected winter fares. The fact that we are
passing on these benefits, in the form of lower air fares, to
customers is good for Ryanair's traffic growth, good for our
business over the medium and long term, and good for market share
as evidenced by Norwegian's recent announcement of its plans to
close bases in Rome, Gran Canaria, Tenerife and Palma, where they
competed head to head with Ryanair.
While we have reasonable visibility over forward Q4 bookings, we
cannot rule out further cuts to air fares and/or slightly lower
full year guidance if there are unexpected Brexit or security
developments which adversely impact yields between now and the end
of March. As we are in a closed period, we will update shareholders
in detail on these developments following our Q3 results release on
Mon 4th Feb."
ENDS.
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For
further information
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Neil
Sorahan
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Piaras
Kelly
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please
contact:
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Ryanair
Holdings plc
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Edelman
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www.ryanair.com
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Tel: 353-1-9451212
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Tel: 353-1-6789333
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Certain of the information included in this release is forward
looking and is subject to important risks and uncertainties that
could cause actual results to differ materially. It is not
reasonably possible to itemise all of the many factors and specific
events that could affect the outlook and results of an airline
operating in the European economy. Among the factors that are
subject to change and could significantly impact Ryanair's expected
results are the airline pricing environment, fuel costs,
competition from new and existing carriers, market prices for the
replacement aircraft, costs associated with environmental, safety
and security measures, actions of the Irish, U.K., European Union
("EU") and other governments and their respective regulatory
agencies, uncertainties surrounding Brexit, weather related
disruptions, fluctuations in currency exchange rates and interest
rates, airport access and charges, labour relations, the economic
environment of the airline industry, the general economic
environment in Ireland, the UK and Continental Europe, the general
willingness of passengers to travel and other economics, social and
political factors and unforeseen security events.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf
by the undersigned, hereunto duly authorized.
Date: 18
January, 2019
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By:___/s/
Juliusz Komorek____
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Juliusz
Komorek
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Company
Secretary
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