Ryanair Holdings reported a drop in full-year profit of €1.61 billion, due to weaker fares.
However, passenger traffic was up 9% to a record 200 million despite ongoing delivery delays for Boeing aircraft.
Average fares were down 7% while ancillary revenue was up slightly by 1%, it said.
“The key feature of last year’s result was the 7% decline in fares which drove strong traffic growth of 9% to just over 200m, while total revenue rose 4% to €13.95bn,’ the airline said.
“We are seeing robust summer 2025 travel demand across our network. This year our constrained capacity growth is being allocated to those regions and airports who are abolishing aviation taxes and incentivising traffic growth.”
“Demand is robust all across the network,” Ryanair’s chief financial officer Neil Sorahan said.
“We operate into 37 different countries. We’re seeing strong summer demands everywhere.”
“We’re going to be recovering most of that 7%, just not all of it. So, I think that that’s a fairly good turnaround,” he added.
The airline forecasts ‘modest unit cost inflation’ for the current financial year.
For FY26, passenger traffic is expected to grow by 3% to 206 million passengers due to delayed Boeing deliveries.
However, ‘we’re in good shape on the deliveries,’ Sorahan added.
It says peak summer fares are trending up slightly.
Check for the Cheapest Flights Here
