The earnings call highlights Ryanair's strong financial performance and strategic positioning, with significant profit growth and effective cost control being major positives. However, ongoing challenges such as Boeing delivery delays, regulatory hurdles, and environmental cost pressures present notable concerns. Despite these challenges, Ryanair's strong balance sheet and strategic fleet management provide a solid foundation for future growth.

Company Guidance

In the Ryanair Q1 FY '26 earnings call, CEO Michael O'Leary reported a strong financial performance with a profit after tax of EUR 820 million, up from EUR 360 million the previous year. Traffic grew by 4% to 58 million passengers, with average fares increasing by 21%. The revenue per passenger rose 15%, while ancillary revenues increased by 3%. The company managed to keep unit cost inflation at just 1%, despite challenges such as Boeing's delivery delays and increased ATC fees. Ryanair successfully hedged 85% of its fuel for FY '26 at $76 a barrel and began hedging FY '27 at $66 a barrel. The balance sheet remains robust with net cash up by EUR 2 billion, positioning the company well to meet upcoming bond repayments. While maintaining a cautious outlook due to potential external risks, Ryanair expects to achieve modest net profit growth for FY '26, supported by strong summer travel demand and effective cost control.

Profit Surge in Q1

Ryanair reported a strong Q1 profit after tax of EUR 820 million, up from EUR 360 million in the previous year, marking a 128% increase against the weak prior year comparison.

Traffic and Fare Growth

Traffic grew 4% to 58 million passengers, with a 21% increase in average fares and revenue per passenger rising 15%.

Cost Control Success

Unit cost inflation was kept to just 1%, significantly widening the cost gap between Ryanair and its EU competitors.

Fleet Expansion

Ryanair took delivery of 5 new Gamechanger aircraft, bringing the total to 181, and secured 30 spare LEAP-1B engines at a significant discount.

Strong Balance Sheet

Net cash increased by EUR 2 billion, positioning Ryanair well to repay two large bonds totaling EUR 2.05 billion over the next 10 months.

Ryanair Holdings (RYAAY) Earnings, Revenues Date & History

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RYAAY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 03, 2025	2026 (Q2)	3.77 / -	2.8	―	―	―
Jul 21, 2025	2026 (Q1)	1.37 / 1.79	0.685	161.61% (+1.11)
May 19, 2025	2025 (Q4)	-0.65 / -0.62	-0.437	-41.65% (-0.18)
Jan 27, 2025	2025 (Q3)	0.10 / 0.29	0.028	921.43% (+0.26)
Nov 04, 2024	2025 (Q2)	2.82 / 2.80	2.845	-1.58% (-0.05)
Jul 22, 2024	2025 (Q1)	1.05 / 0.69	1.29	-46.90% (-0.60)
May 20, 2024	2024 (Q4)	-0.45 / -0.44	-0.24	-82.08% (-0.20)
Jan 29, 2024	2024 (Q3)	0.15 / 0.03	0.385	-92.73% (-0.36)
Nov 06, 2023	2024 (Q2)	2.66 / 2.85	1.891	50.45% (+0.95)
Jul 24, 2023	2024 (Q1)	0.94 / 1.29	0.338	281.66% (+0.95)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

RYAAY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 21, 2025	$56.15	$59.86	+6.61%
May 19, 2025	$50.00	$53.97	+7.94%
Jan 27, 2025	$46.14	$46.22	+0.17%
Nov 04, 2024	$45.04	$43.58	-3.24%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.