Q1 2024 Ryanair Holdings PLC Pre-Recorded Earnings Presentation Transcript

Feb 08, 2024

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Jul 24, 2023 / NTS GMT
Presentation
Jul 24, 2023 / NTS GMT

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Corporate Participants
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* Michael O'Leary
Ryanair Holdings plc - Group CEO & Executive Director
* Neil Sorahan
Ryanair Holdings plc - Group CFO

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Michael O'Leary - Ryanair Holdings plc - Group CEO & Executive Director

Okay. Good morning, ladies and gentlemen. Welcome to the Ryanair Q1 results press conference. I'm joined this morning by Neil Sorahan, the Group CFO. And we have on our ryanair.com website placed this morning the press release, the Q&A and also the full detail of the Q1 numbers. We're pleased to report a Q1 profit of EUR 663 million this morning. Primarily, that was due to a very strong Easter period. There was a second U.K. bank holiday in May and -- but primarily, it's because of a very weak prior year comparisons. The Q1 of last year was heavily distorted by the Russian invasion of Ukraine, which started in February 2022, collapsed Easter, and we had to engage in very aggressive price stimulation in

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