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under cover Form 20-F or Form 40-F.
Form
20-F..X.. Form 40-F
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in this Form is also thereby furnishing the information to
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pursuant to Rule 12g3-2(b) under the Securities
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1934.
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No ..X..
If
"Yes" is marked, indicate below the file number assigned to the
registrant
in
connection with Rule 12g3-2(b): 82- ________
RYANAIR UPDATES FY22 GUIDANCE
NEW RANGE OF -€350M TO -€400M (PREV. -€250M TO
-€450M)
Ryanair Holdings plc today (4 April) briefed the market that it
expects to report a pre-exceptional FY22 (yr. ended 31 Mar. 2022)
net loss of between -€350m and -€400m (previously
guided range of -€250m to -€450m). The Ryanair
Group's full-year traffic recovered strongly to over 97m (27.5m in
FY21, but below pre-Covid traffic of 149m).
Ryanair's balance sheet is one of the strongest in our sector with
a BBB (stable) credit rating (S&P and Fitch). Year end
(31 Mar.) net debt dropped to €1.5bn (prior year
€2.3bn), and c.90% of the Group's fleet of B737 aircraft are
unencumbered.
Since our last market update on 31 Jan., Ryanair has increased FY23
(yr. ended 31 Mar. 2023) fuel hedging to 80% cover (c.65% jet swaps
at $630 and 15% caps at $775 per metric tonne). Almost 10% of
Ryanair's H1 FY24 fuel requirements are hedged at $760 (via jet
swaps).
As this is a closed period, the Ryanair Group's next market update
will be on 16 May when we release FY22 results.
ENDS
Note:
Exceptional items include unrealised mark-to-market gains on jet
fuel caps.
For further information please contact:
Piaras
Kelly
Peter Larkin
Edelman Ireland
Ryanair Head of Investor Relations
Tel: +353 1 592
1330
Tel: +353-1-9451212
ryanair@edelman.com ryanairIR@ryanair.com
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.
