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Ryanair’s revenue in 2020 increased by 10% year-on-year，Estimated passenger flow in Q2 is less than 50% of the original plan

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Author of this 188bet app: Zhitong Finance 2020-05-18

The main reason for the revenue growth was a 4% increase in passenger traffic.

May 18，Ryanair(RYAAY.US) released its 2020 financial report。

According to the financial report,Ryanair’s revenue in 2020 84.900 million euros，10% year-on-year increase。The main reason for the growth is，Passenger traffic increased by 4%，reached 1.4.9 billion people。Revenue per customer increased by 6%，To 57€。

Passenger load factor is 95%,It was 96% in the same period last year, a year-on-year decrease of 1%.

Gross cash is 38.€0.8 billion，The same period last year was 31.9.5 billion euros，19% year-on-year increase。

Net profit 6.48.7 billion euros，The same period last year was 8.8.5 billion euros，Decreased by 26 year-on-year.7%。

Affected by public health events，Ryanair passenger traffic fell by 5 million in March and full year，Profit decrease of 40 million euros in 2020。Some flights are expected to resume in the second quarter (July-September)，The company does not expect passenger traffic to exceed 50% of its original target of 44.6 million passengers in the second quarter。

*Source of this 188bet app：Zhitong Finance, original title：《Ryanair(RYAAY.US) Revenue in 2020 will increase by 10% year-on-year, and Q2 passenger traffic is expected to be less than 50% of the original plan》.

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