Ryanair 2009 Annual Report Download - page 182

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182
APPENDIX A
GLOSSARY
Certain of the terms included in the section on Selected Operating and Other Data and elsewhere in this
annual report have the meanings indicated below and refer only to Ryanair’s scheduled passenger service.
Available Seat Miles (“ASMs”) .................... Represents the number of seats available for scheduled passengers
multiplied by the number of miles those seats were flown.
Average Booked Passenger Fare ................... Represents the average fare paid by a scheduled fare-paying
passenger who has booked a ticket.
Average Daily Flight Hour Utilization .......... Represents the average number of flight hours flown in scheduled
service per day per aircraft for the total fleet of operated aircraft.
Average Fuel Cost Per U.S. Gallon ............... Represents the average cost per U.S. gallon of jet fuel for the fleet
(including fueling charges) after giving effect to fuel hedging
arrangements.
Average Length of Passenger Haul ............... Represents the average number of miles traveled by a scheduled
fare-paying passenger.
Ancillary Revenue per Booked Passenger .... Represents the average revenue earned per booked passenger flown
from ancillary services.
Average Yield per ASM ................................ Represents the average scheduled flown passenger fare revenue for
each available seat mile (ASM).
Average Yield per RPM ................................ Represents the average scheduled passenger fare revenue for each
revenue passenger mile (RPM), or each mile a scheduled revenue
passenger is flown.
Baggage Commissions .................................. Represents the commissions payable to airports on the revenue
collected at the airports for excess baggage and airport baggage
fees.
Booked Passenger Load Factor ..................... Represents the total number of seats sold as a percentage of total
seat capacity on all sectors flown.
Break-even Load Factor ................................ Represents the number of RPMs at which scheduled passenger
revenues would have been equal to operating expenses divided by
ASMs (based on Average Yield per RPM). For the purposes of this
calculation, the number of RPMs at which scheduled passenger
revenues would have been equal to operating expenses is calculated
by dividing operating expenses by Average Yield per RPM.
Cost Per ASM (“CASM”) ............................. Represents operating expenses (excluding non-charter ancillary
costs) divided by ASMs.
Net Margin .................................................... Represents profit after taxation as a percentage of total revenues.
Number of Airports Served ........................... Represents the number of airports to / from which the carrier
offered scheduled service at the end of the period.
Number of Owned Aircraft Operated ............ Represents the number of aircraft owned and operated at the end of
the period.
Operating Margin .......................................... Represents operating profit as a percentage of total revenues.
Part 145 ......................................................... The European regulatory standard for aircraft maintenance
established by the European Aviation Safety Agency.