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in
connection with Rule 12g3-2(b): 82- ________
RYANAIR UPDATES FY21 GUIDANCE
NEW RANGE OF -€800M TO -€850M (PREV. -€850M TO
-€950M)
STRONG LIQUIDITY WITH OVER €3.15BN CASH AT YEAR
END
Ryanair Holdings plc today (7 April) briefed the market that it
expects to report a pre-exceptional FY21 (yr. end 31 March 2021)
net loss of between -€800m and -€850m (previously
guided range of -€850m to -€950m). The Ryanair
Group's full-year traffic was 27.5m (down from 149m in FY20) due to
Covid-19 govt. flight cancellations and travel
restrictions.
Ryanair's balance sheet remains strong with a BBB credit rating
(S&P and Fitch) and significant liquidity. Year-end cash
(31 March) was over €3.15bn, while more than 84% of the
Group's owned fleet of 420 B737 aircraft are
unencumbered.
Easter travel restrictions/lockdowns and a delayed traffic recovery
into the peak S.21 season, due to the slow rollout in the EU of
Covid-19 vaccines, means that FY22 traffic is likely to be towards
the lower end of our previously guided range of 80m to 120m
passengers. While it is not possible (at this time) to
provide meaningful FY22 profit guidance, we do not share the recent
optimism of certain analysts as we believe that the outcome for
FY22 is currently close to breakeven.
As this is a closed period, the Ryanair Group's next market update
will be on 17 May when we release FY21 results.
ENDS
This announcement includes inside information.
For further information please contact:
Piaras
Kelly
Peter Larkin
Edelman
Ireland
Ryanair Head of Investor Relations
Tel: +353-1-5921330
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.
