Ryanair Reports 20% Q2 Profit Increase to €1.72bn; H1 Up 42% to €2.54bn
Ryanair Holdings plc announced on 3 November that its Q2 profit after tax reached €1.72 billion, marking a 20% increase from the previous year’s €1.43 billion. For the first half (H1), PAT rose 42% to €2.54 billion, supported by higher fares, a robust Easter season, and ongoing fare recovery.
Key Financial Highlights
- Passenger traffic grew 3% to a record 119 million.
- Revenue increased by 13%, totaling €9.82 billion for H1.
- Scheduled revenue rose 16% to €6.91 billion.
- Ancillary revenue climbed 6% to €2.91 billion.
- Operating costs increased 4% to €6.96 billion, or 1% per passenger.
- Strong cost management limited unit cost growth to 1%.
Operational and Strategic Updates
- Ryanair fleet stood at 636 aircraft, including 199 B737 “Gamechangers.”
- Two new operational bases and 91 additional routes launched, expanding the schedule to over 2,500 routes for Summer 2026.
- Jet fuel hedges extended—80% of FY27 secured at just under $67 per barrel.
- Ryanair was added to MSCI Global and FTSE Russell indices.
- An interim dividend of €0.193 per share was declared, payable in February.
Group CEO Michael O’Leary commented, “H1 revenues rose 13% to €9.82bn. Scheduled revenue increased 16% as traffic grew 3% and fares rose 13%. Fares benefitted from a stronger Easter and a full recovery from last year’s Q2 decline.”
Cost and Environmental Factors
Fuel hedging mitigated the impact of rising ATC fees, up 14%, and environmental costs linked to ETS allowance adjustments and SAF blend mandates introduced earlier in the year. The company remains focused on efficiency and maintaining growth despite operational cost pressures.
Author’s summary: Ryanair delivered strong H1 and Q2 profit growth driven by rising fares, record passenger traffic, and disciplined cost control, extending its strategic and fleet strength across 2026.