Ireland · Delayed Price · Currency is EUR Ryanair Holdings Earnings Call Transcripts
Fiscal Year 2027
-
Q1 profit after tax fell 34% year-over-year to EUR 538 million due to higher unhedged fuel costs and lower fares, despite 6% traffic growth. The group is debt-free, with strong liquidity and ongoing cost advantages, but faces soft pricing, regulatory headwinds, and industry uncertainty.
-
Q1 profit after tax fell 34% to EUR 538 million due to higher unhedged fuel costs and lower fares, despite 6% traffic growth. The group remains debt-free, with strong liquidity and robust hedging. Long-term growth targets 300 million passengers by 2034, supported by MAX-10 deliveries.
Fiscal Year 2026
-
Record profit and traffic growth achieved with strong cost discipline and robust hedging. Outlook remains cautious due to fuel price volatility and geopolitical risks, but balance sheet strength and strategic capacity shifts position the group for continued resilience and growth.
-
Record profit of EUR 2.26 billion (+40% YoY) driven by higher fares and traffic, with robust liquidity and 80% jet fuel hedged at $67/barrel. FY 2027 traffic to grow 4%, but cost pressures from fuel and taxes persist.
-
Q3 profit after tax (pre-exceptional) was EUR 115 million, with revenue up 9% year-over-year and strong cost control. Full-year traffic guidance was raised, and profit after tax is now expected at EUR 2.13–2.23 billion, with fares up 8–9%.
-
Q3 profit after tax (pre-exceptional) was EUR 115 million, down 22% year-over-year, with traffic up 6% and fares up 4%. FY 2026 traffic guidance is raised to 208 million, and profit after tax is guided at EUR 2.13–2.23 billion, supported by strong cost control and fuel hedging.
-
Passenger growth remains strong across Europe, but expansion in Ireland is blocked by the Dublin Airport cap, prompting legal and political action. Fares are expected to rise modestly amid tight aircraft supply, while ongoing disputes and publicity have boosted bookings.
-
Q2 profits rose 20% to EUR 1.72 billion, with fares up 7% and unit costs tightly controlled. Traffic growth target increased to 207 million, supported by strong fuel hedging and capacity expansion in key markets. Balance sheet set to be debt-free by May, with continued focus on cost discipline and shareholder returns.
-
Q2 profit after tax rose 20% to EUR 1.72 billion, with H1 profit up 42% to EUR 2.54 billion, driven by fare increases and strong demand. FY 2026 traffic target is raised to 207 million, with cost control and fuel hedging supporting outlook despite challenging H2 comps.
-
Q1 profit after tax surged to €820 million on strong traffic and fare growth, with unit costs tightly controlled and a robust balance sheet supporting bond repayments and opportunistic investments. FY26 guidance remains cautious due to external risks, but cost leadership and capacity constraints underpin long-term growth ambitions.
-
Q1 profit after tax more than doubled to EUR 820 million, driven by higher fares and strong cost control. FY 2026 traffic growth is limited to 3% due to Boeing delays, with robust demand but significant external risks and no H2 visibility.
Fiscal Year 2025
-
Profit after tax fell to EUR 1.6 billion due to lower fares, but record traffic and flat unit costs widened the cost gap to competitors. Growth is constrained by Boeing delays, but strong cash, hedging, and share buybacks support a positive outlook.
-
Profit after tax fell to EUR 1.61 billion as lower fares offset record traffic growth. Strong balance sheet, robust summer demand, and aggressive fuel hedging support a positive FY26 outlook, though risks remain from external shocks and industry constraints.
-
Q3 profit after tax was €149 million, with nine-month profit down 12% year-over-year due to lower fares. FY25 profit is guided at €1.55–€1.61 billion, with growth constrained by Boeing delays and legal risks from a €107 million Spanish fine.
-
Q3 profit after tax surged to EUR 149 million on 9% traffic growth and higher fares, aided by OTA integration and cost control. FY 2025 traffic is expected just under 200 million, with profit guidance at EUR 1.55–1.61 billion, despite Boeing delivery delays and industry-wide capacity constraints.
-
H1 profit fell 18% year-over-year to €1.8 billion as average fares dropped 10% despite record traffic growth, mainly due to Boeing delivery delays and OTA disruptions. Strong cost control, robust ancillary revenue, and a solid balance sheet position the company for improved pricing and profitability as capacity constraints persist.
-
H1 profit after-tax fell 18% to EUR 1.8 billion as fares dropped 10% despite 9% traffic growth. Boeing delivery delays led to reduced growth guidance, but strong cash flow enabled continued shareholder returns and investment.
-
Q1 profit fell 46% year-over-year despite 10% traffic growth, as weaker airfares and close-in bookings offset strong demand. Capacity growth is constrained by Boeing delays, and fares are expected to remain soft, with no regional variation in pricing weakness.
-
Q1 profit dropped 46% to EUR 360 million as fares fell 15% despite 10% traffic growth. FY 2025 traffic is expected to reach 200 million, but pricing remains soft and visibility on H2 is low. Over 50% of the EUR 700 million share buyback is complete.