Launch date
Ryanair reported a file revenue after tax of €2.26 billion for the 12 months to March 2026, up 40% on the earlier 12 months, however warned that oil value volatility and geopolitical dangers remained a significant concern for the airline trade.
Passenger numbers rose 4% to 208.4 million in 2025-26, whilst continued delays in Boeing plane deliveries constrained capability progress.
The ten% fare improve additionally elevated income per passenger by 7%, however working prices elevated by solely 6% and unit value progress by 1%. Complete income elevated by 11% to €15.54 billion.
Chief govt Michael O’Leary mentioned Ryanair’s gasoline hedging technique had mitigated the rapid influence of the current rise in oil costs as a result of Iran battle and Gulf delivery considerations.
Ryanair mentioned it had hedged about 80% of its gasoline demand for the present fiscal 12 months to April 2027 at about $67 a barrel.
Center East tensions cloud airline outlook
The airline warned that instability within the Center East continues to create uncertainty for world airline and power markets.
Ryanair mentioned in its earnings assertion that the trade stays uncovered to potential disruption if tensions escalate additional across the Strait of Hormuz, a key world oil delivery route.
However the airline believes it’s in a novel place to benefit from the potential collapse of different European airways.
“I feel costs are going to remain excessive for a very long time, so Ryanair is especially well-positioned, given our robust gasoline hedge,” Chief Monetary Officer Neil Sorahan mentioned in an interview with CNBC on Monday.
In a earlier interview with CNBC in April, Ryanair’s CEO additionally confidently declared that the airline may gain advantage from the disruption to different airways.
“I feel there might be failures. If we keep at $150 a barrel by way of July, August and September, European airways will fail and within the medium time period it can in all probability be good for Ryanair’s enterprise,” O’Leary mentioned on the time.
The corporate declined to launch detailed revenue steerage for the 2026-27 monetary 12 months, citing restricted visibility into future freight charges, shopper demand and gasoline prices.
Ryanair mentioned summer time bookings remained robust total, though prospects continued to ebook tickets nearer to departure dates amid widespread financial uncertainty.
Boeing supply delays stay a constraint
Ryanair mentioned delays affecting deliveries of Boeing plane proceed to restrict alternatives for enlargement throughout the European short-haul aviation market.
The corporate expects passenger numbers to rise to about 216 million this 12 months as further Boeing 737 MAX plane steadily enter service.
Mr O’Leary additionally warned that plane shortages and provide chain constraints affecting the aviation trade as a complete are prone to persist for a number of years, doubtlessly limiting capability progress within the trade throughout Europe.
Ryanair argued that tight market capability ought to proceed to assist fares, significantly for low-cost carriers with scale benefits and powerful stability sheets.
The corporate additionally confirmed that talks are underway to increase O’Leary’s contract, which may see him stay CEO till 2032.
