Ryanair quarterly profit falls to €538 million euros

• Ryanair reported a 34% drop in quarterly profit after tax to €538 million due to rising operating expenses.
• The airline experienced an 11% increase in operating costs to €3.42 billion, while the share price traded down at $62.57.
• Management expects average fares to continue falling modestly as the company navigates low forward visibility and economic uncertainty.

Ryanair (NASDAQ:RYAAY) reported a 34% drop in quarterly profit to €538 million amid doubled jet fuel prices.

The airline experienced an 11% jump in operating costs to €3.42 billion, offsetting a 1% revenue rise to €4.38 billion.

"While summer 2026 volumes are strong, the booking window remains closer-in than last year which further reduces visibility," said Ryanair Chief Executive Michael O'Leary.

Passenger numbers grew 6% to 61.3 million, even as unhedged jet fuel prices increased to $150 a barrel.

Following the announcement, Ryanair's share price was down at $62.57.

Management stated the airline has zero visibility for the second half and cannot provide full-year profit guidance.

The carrier expects fares to continue falling modestly as consumers maintain a trend of booking flights late.