Ryanair reviews costs after first-half profit falls
Business · First reported 2 Nov, 07:33 · Updated 09:49
Ryanair reported lower first-half profit as fuel and operating costs rose, while revenue and passenger numbers increased. The airline is considering cost measures and says uncertainty makes a full-year profit forecast premature.
- Ryanair’s net profit for the six months to September 2026 was €2.15 billion, down 15% year on year. Revenue rose 3% to €10.08 billion and passenger numbers increased 6% to 125.8 million.
- The airline said its fuel bill could rise by about €2 billion in the financial year ending March 2028, based on current forward prices, and that higher fares may not fully offset the increase. It has 80% of its fuel needs hedged through March 2027.
- Ryanair is reviewing costs, including possible temporary pay freezes, lower crewing ratios and increased use of AI. It said it was too early to provide full-year profit guidance amid uncertainty over conflicts, fuel prices, the economy and air traffic control disruption.
Summary written by Lux AI from 2 articles
Key facts
- First-half net profit
- €2.15 billion, down 15% year on year
- First-half revenue
- €10.08 billion, up 3%
- First-half passengers
- 125.8 million, up 6%
- Estimated fuel-bill increase
- About €2 billion in the financial year ending March 2028, based on current forward prices
- Fuel hedging through March 2027
- 80% of needs; RTÉ reports a hedge price of $67 a barrel
- Share buyback
- €800 million, expected to start in February 2027 and run for around 10 months, subject to market conditions
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