Ryanair Holdings plc ( NASDAQ: RYAAY ) Q1 2025 Results Conference Call July 22, 2024 5:00 AM ET Company Participants Michael O’Leary - Group Chief Executive Officer Neil Sorahan - Group Chief Financial Officer Edward Wilson - Ryanair DAC Chief Executive Officer Tracey McCann - Ryanair DAC Chief Financial Officer Juliusz Komorek - Group Chief Legal and Regulatory Officer; Company Secretary Conference Call Participants Stephen Furlong - Davy Jarrod Castle - UBS Alex Irving - Bernstein Harry Gowers - JPMorgan Dudley Shanley - Goodbody Jaime Rowbotham - Deutsche Bank James Hollins - BNP Paribas Sathish Sivakumar - Citi Savanthi Syth - Raymond James Duane Pfennigwerth - Evercore ISI Muneeba Kayani - Bank of America Gerald Khoo - Liberum Alex Paterson - Peel Hunt Johannes Braun - Stifel Michael O’Leary Okay. Good morning, ladies and gentlemen. Welcome to the Ryanair Q1 Results Conference Call.
You’ll have seen this morning, we released our Q1 results, together with an MD&A and a slide presentation on the ryanair.com website. I, therefore, won’t read the press release, but I’ll touch on a couple of key themes.
We reported Q1 profit of EUR360 million. That’s 46% down on last year’s Q1 EUR663 million. Despite strong traffic growth, traffic is up 10% in the quarter to 55.
5 million customers, but this has been offset by weaker-than-expected airfares, some of which is impacted by the first half of Easter falling into the prior year Q4. Nevertheless, traffic growth is strong.