Quarterly ResultJul 20, 2026, 09:32 AM
Ryanair Q1 PAT Falls 34% to €538M; Traffic Up 6%
AI Summary
Ryanair Holdings PLC reported a 34% decrease in Q1 Profit After Tax (PAT) to €538 million, primarily due to a spike in unhedged jet-fuel prices and 6% lower fares. Despite this, traffic grew 6% to 61.3 million passengers, and total revenue increased 1% to €4.38 billion. The company highlighted its strong balance sheet, having become debt-free after repaying a €1.2 billion bond, and its ongoing €750 million share buyback program.
Key Highlights
- Q1 Profit After Tax (PAT) fell 34% to €538 million.
- Traffic grew 6% to 61.3 million passengers.
- Revenue increased 1% to €4.38 billion, despite 6% lower fares.
- Operating costs rose 11% to €3.81 billion, driven by unhedged jet-fuel prices.
- The company is now debt-free after repaying a €1.2 billion bond.
- Gross cash stood at €2.8 billion, with net cash at €2.7 billion.
- FY27 traffic remains on track to grow 4% to 216 million passengers.
- The €750 million share buyback program is approximately 90% complete.
Price Impact
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