Ryanair Holdings plc reported six‑month revenue of €5.48 billion (US$6.41 billion), a 13 % year‑over‑year increase, and net income of €2.54 billion (US$2.98 billion), up 42 % from the same period a year earlier. The company posted earnings per share of €1.6086 (US$3.76), beating the consensus estimate of €1.58 (US$3.62).
Management raised its full‑year passenger‑traffic guidance to 207 million passengers, citing earlier‑than‑expected deliveries of Boeing 737‑Max‑8 aircraft and strong demand in the first half of the year. The airline now has 204 MAX aircraft in its fleet of 641, and it is retrofitting winglets on older 737‑800s to improve fuel efficiency.
Ryanair’s balance sheet remains robust, with a net cash position of over €1.5 billion. The company repaid a €850 million bond in September and plans to retire its remaining €1.2 billion bond in May 2026, aiming to be debt‑free. It declared an interim dividend of €0.193 per share, payable in February 2026, and launched a €750 million share‑buyback program in May 2025. Fuel hedging covers 85 % of H2 FY26 at $76 per barrel and 80 % of FY27 at just under $67 per barrel.
Ryanair highlighted its widening cost advantage over competitors, noting that many rivals face higher finance and lease costs. The airline also warned of potential headwinds, including geopolitical tensions in Ukraine and the Middle East, macro‑economic shocks, and the risk of further European air‑traffic‑control strikes. Despite these risks, the company remains confident in its growth strategy and its ability to maintain a competitive edge through fleet modernization and disciplined cost management.
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