Ryanair Reports Record €2.26 Billion Profit, Warns of Flat Summer Fares Amid Geopolitical Tensions

Ryanair reported a record after-tax profit of €2.26 billion for the fiscal year ending in March, a 40% increase from €1.61 billion a year earlier, and exceeding analyst forecasts of €2.2 billion. Revenues rose 11% from €13.95 billion to €15.54 billion, with passenger numbers growing 4% to 208.4 million despite delivery delays of 29 B-8200 aircraft. This figure excludes an €85 million provision for an Italian competition authority fine, which Ryanair expects to overturn on appeal.

The airline warned that consumer anxiety over the US-Israeli war on Iran and inflation fears are likely to keep peak summer fares (July-September) broadly flat, despite earlier expectations for low-single-digit percentage increases. Profitability for the summer will depend heavily on last-minute bookings due to poor visibility on fares.

However, Ryanair is increasingly confident about jet fuel supplies, with CFO Neil Sorahan stating that suppliers are increasing volumes and seeking alternatives to Gulf oil. Group CEO Michael O’Leary confirmed suppliers anticipate no disruption between now and mid-July, and the threat of fuel shortages is receding as suppliers adapt to the closure of the Strait of Hormuz.