Ryanair 2011 Annual Report Download - page 87

85
The following table sets forth the components of ancillary revenues earned by Ryanair and each
component expressed as a percentage of total ancillary revenues for each of the periods indicated:
Fiscal Year ended March 31,
2010 2009
(in millions of euro, except percentage data)
Non-flight Scheduled .................. 1493.5 74.4% 1458.0 76.6%
In
-
flight Sales
..............................
186.5
13.0%
183.2
13.9%
Internet-related ............................ 183.6
12.6% 156.9 9.5%
Total
................................
............
1663.6 100.0% 1598.1 100.0%
Operating expenses. As a percentage of total revenues, Ryanair’s operating expenses decreased from
96.9% in the 2009 fiscal year to 86.5% in the 2010 fiscal year, reflecting a 28.9% reduction in fuel costs from
11,257.1 million in the 2009 fiscal year, to 1893.9 million in the 2010 fiscal year. In absolute terms, total
operating expenses decreased 9.2%, from 12,849.4 million in the 2009 fiscal year to 12,586.0 million in the
2010 fiscal year, principally as a result of the aforementioned decrease in fuel costs, which was partially offset
by incremental increases in certain operating expenses associated with the 13.5% increase in booked passenger
volumes and the 12.3% increase in the number of sectors flown. Maintenance expenses, aircraft rental expenses
and route charges increased as a percentage of total revenues, while staff, depreciation and amortization, fuel
and oil, airport and handling charges and marketing, distribution and other costs decreased. Total operating
expenses per ASM decreased by 20.1%, with the decrease reflecting, principally, the increase in passenger
capacity (as measured in ASMs) during the 2010 fiscal year and the impact of the lower fuel costs.
The following table sets forth the amounts in euro cent of, and percentage changes in, Ryanair’s
operating expenses (on a per-ASM basis) for the fiscal years ended March 31, 2010 and March 31, 2009 under
IFRS. These data are calculated by dividing the relevant expense amount (as shown in the consolidated financial
statements) by the number of ASMs in the relevant year as shown in the table of “Selected Operating and Other
Data” in Item 3 and rounding to the nearest euro cent; the percentage change is calculated on the basis of the
relevant figures before rounding.
Fiscal Year
Ended
March 31,
2010
Fiscal Year
Ended
March 31,
2009 % Change
Staff costs ............................................................................... 0.63 0.66 (4.6)%
Depreciation
................................
................................
...........
0.44
0.54
(19.0)%
Fuel and oil ............................................................................. 1.67 2.67 (37.4)%
Maintenance, materials and repairs ........................................ 0.16 0.14 13.4%
Aircraft rentals ....................................................................... 0.18 0.17 7.6%
Route charges ......................................................................... 0.63 0.61 3.4%
Airport and handling charges
................................
.................
0.86
0.94
(8.8)%
Marketing, distribution and other ........................................... 0.27 0.32 (16.0)%
Total operating expenses ........................................................ 4.84 6.05 (20.1)%
Staff costs. Ryanair’s staff costs, which consist primarily of salaries, wages and benefits, decreased
4.6% on a per-ASM basis, while in absolute terms, these costs increased 8.3%, from 1309.3 million in the 2009
fiscal year to 1335.0 million in the 2010 fiscal year. The increase in absolute terms was primarily attributable to
a 10.4% increase in average headcount to 7,032, which was partially offset by the impact of a Company-wide
pay freeze, the higher proportion of contract crew operating during the year, and the rise, during the year, in the
proportion of cabin crew members who earn below-average salaries. Employee numbers rose due to the growth
of the business.
Depreciation and amortization. Ryanair’s depreciation and amortization per ASM decreased by 19.0%,
while in absolute terms these costs decreased 8.1% from 1256.1 million in the 2009 fiscal year, to 1235.4