Report of Foreign Issuer (6-k)
January 10 2020 - 06:29AM
Edgar (US Regulatory)
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
2020
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- ________
RYANAIR RAISES FY GUIDANCE TO NEW RANGE €950M -
€1,050M
STRONGER CHRISTMAS PERIOD TRAFFIC AND YIELDS
LAUDA LOSSES RISE FROM €80M TO €90M ON PRICE
WARS
Ryanair today (10 Jan) issued a trading update on the back of a
stronger than expected Christmas and New Year travel period,
characterised by higher than expected close-in bookings at better
than expected yields. Forward bookings Jan to Apr are running
1% ahead of this time last year, and Ryanair believes this will
result in slightly better than expected ave. fares in Q4, while
full year Group traffic will grow to 154m (previously guided at
153m).
At the same time, Ryanair's Austrian subsidiary, Laudamotion,
continues to underperform with ave. fares over Christmas lower than
expected, despite strong traffic growth and high load
factors. This is a direct result of intense price competition
with Lufthansa subsidiaries in both Germany and Austria who are
engaged in below cost selling. Lauda now expects to carry
6.5m passengers in the year to March 2020 but at ave. fares that
are €15 below budget, with the result that Lauda's net loss
for the year will widen from under €80m to approx.
€90m.
As a consequence of this better Christmas/New Year travel period
and stronger forward bookings in Q4, Ryanair believes it is
appropriate to raise its Full Year PAT guidance range from
€800m - €900m, to a new range of €950m -
€1,050m. On the basis of current trading, Ryanair
expects to finish close to the mid-point of this new range.
Ryanair will release its Q3 results on 3rd February
next and will update shareholders in further detail on these trends
at that time.
ENDS
This announcement contains inside information.
For further information
please contact:
Shane O'Toole
Piaras Kelly
Ryanair
DAC
Edelman Ireland
Tel: +353-1-9451212
Tel: +353-1-6789333
press@ryanair.com
ryanair@edelman.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.
Date: 10
January, 2020
|
By:___/s/
Juliusz Komorek____
|
|
|
|
Juliusz
Komorek
|
|
Company
Secretary
|
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