Ryanair Holdings plc Q1 2026 Earnings | 07/21/2025

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Ryanair Holdings plc reported its Q1 2026 results on July 21, 2025, delivering robust growth in profitability and revenue driven by strong passenger demand, higher fares, and disciplined cost control. Profit after tax surged to €820 million, more than doubling from €360 million in the year-ago quarter. This impressive performance was supported by a 4% increase in traffic to 57.9 million passengers, with a stable load factor of 94%. Total revenue rose 20% year-over-year to €4.34 billion, fueled by a 21% increase in average fares and rising ancillary revenues. Scheduled revenue jumped 26% to €2.94 billion, while ancillary revenue grew 7% to €1.39 billion, driven by demand for upgraded seating, bags, and onboard services. Ryanair’s per-passenger ancillary spend exceeded €24. Operating profit soared 150% to €913 million, and unit cost growth was limited to just 1% per passenger, thanks to strong cost discipline and efficient fuel hedging (covering ~85% of FY26 needs at $76 per barrel). Basic earnings per share more than doubled to €0.77, compared to €0.32 in Q1 2025. Operational Highlights: Added 5 Boeing 737 "Gamechanger" aircraft (total fleet now at 618), boosting fuel efficiency and seat capacity. Launched over 160 new summer routes and expanded service to 2,600 total routes. Strengthened operational resilience with 30 additional spare engines. Net cash position remained strong at €2 billion, with €4.4 billion in gross cash. Continued share buyback program with €58 million deployed in Q1 under the €750 million authorization. Despite stellar results, Ryanair cautioned that Boeing delivery delays will limit growth in passenger capacity, and fare increases in Q2 are expected to be more moderate. The company reaffirmed full-year passenger guidance at 206 million (+3%) and emphasized ongoing investment in fleet, infrastructure, and staffing to support long-term growth. CEO Commentary: CEO Michael O’Leary highlighted the company’s strategic advantages—lowest cost base, leading on-time performance, strong balance sheet, and fuel hedging—as critical to its success. While Ryanair sees ongoing geopolitical and macro headwinds, the company remains focused on capital discipline, market expansion, and achieving industry-leading margins in FY26. About Inside Ticker: For full earnings analysis, aviation sector insights, and real-time financial updates on Ryanair Holdings plc and other global carriers, follow Inside Ticker and visit InsideTicker.com. Hashtags: #Ryanair #Q12026 #Earnings #FinancialResults #Aviation #Airlines #PassengerGrowth #Airfares #FuelHedging #OperatingProfit #Gamechanger #FleetExpansion #LoadFactor #RevenueGrowth #MSCI #TravelDemand #SummerRoutes #Buybacks #Boeing #CEOUpdate #InsideTicker #GrowthStrategy #Europe #NetCash #Q1Results #CostControl #InvestorUpdate