The earnings call was predominantly positive, highlighting significant profit growth, effective cost management, and strategic expansions, despite challenges such as Boeing delivery delays and increased operational costs.

Company Guidance -

Q2 2026

During the Ryanair Holdings Q1 FY '26 earnings call, CEO Michael O'Leary highlighted a significant profit after tax of EUR 820 million, marking an impressive 128% increase from the previous year, albeit against weak prior year comparisons. The company's traffic rose by 4% to 58 million passengers, accompanied by a 21% increase in average fares. Notably, revenue per passenger increased by 15%, while ancillary revenues were up by 3%. The unit cost inflation was controlled at a mere 1%, amid Boeing's delivery delays impacting traffic growth. Ryanair added five Gamechanger aircraft, totaling 181 in the fleet. The company also reported a robust balance sheet, with net cash up by EUR 2 billion, positioning it to repay EUR 2.1 billion in bonds over the next year. O'Leary mentioned that Ryanair's hedging strategy has secured 85% of FY '26 fuel at $76 a barrel and 36% of FY '27 at just under $66 a barrel. Looking ahead, Ryanair anticipates a modest unit cost inflation between 1% and 3% for FY '26, with traffic growth projected to reach 206 million passengers. However, O'Leary expressed caution due to external risks such as potential strikes, economic shocks, and geopolitical tensions.

Strong Profit Growth

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

Traffic and Fare Increase

Traffic grew by 4% to 58 million passengers, with average fares rising by 21%.

Unit Cost Control

Unit cost inflation was limited to 1%, demonstrating effective cost management despite external cost pressures.

Fleet Expansion

Ryanair took delivery of 5 new Gamechanger aircraft, bringing the total Gamechanger fleet to 181 aircraft.

Fuel Hedging Strategy

Ryanair has hedged 85% of its FY '26 fuel at $76 a barrel and 36% of FY '27 fuel at just under $66 a barrel, representing a 13% saving.

Strong Balance Sheet

Net cash increased by EUR 2 billion, positioning Ryanair well to repay large bonds upcoming in the next 10 months.

Addition to MSCI World Index

Ryanair was added to the MSCI World Index in June and is expected to join the FTSE Russell in September.

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)	3.56 / -	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
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%
Jul 22, 2024	$44.82	$37.91	-15.42%

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.