Ryanair Faces Summer with Optimism Despite 16% Drop in Annual Profits
Ryanair, Europe’s largest low-cost airline, reported an annual net profit of €1.611 billion for the fiscal year ending March 31, marking a 16% decline compared to the previous year. This drop is primarily attributed to a 7% decrease in average fares, although the company achieved a solid 9% increase in passenger numbers, reaching 200 million.
Rising Operating Revenue Despite External Pressures
The company noted in its report that total operating revenue grew by 4%, reaching €13.948 billion. Despite this increase, pre-tax profits fell by 16% to €1.784 billion, while operating profits dropped by 24% to €1.558 billion.
These results were impacted by external factors such as consumer spending pressures, high interest rates, inflation during the first half of the year, and the fact that Easter did not fully fall within the fiscal year’s first quarter.
→ Ryanair Carried 18.3 Million Passengers in April, a 6% Increase
Positive Outlook for Summer 2025
Ryanair CEO Michael O’Leary emphasized expectations for a “strong summer across the network” in 2025 and expressed confidence that profits would grow during the fiscal year ending March 31, 2026.
The airline has already prepared over 160 new routes for this summer, expanding its network to a total of 2,600 connections. Given the anticipated high demand, Ryanair advises travelers to book early to secure the best fares before they sell out.
Stable Load Factor and 2026 Forecasts
The load factor—the proportion of seats filled on flights—remained steady at 94%, unchanged from the previous year, demonstrating consistent operational efficiency. For fiscal year 2026, the airline expects to carry 206 million passengers, representing a 3% growth, moderated by ongoing delays in aircraft deliveries from Boeing.
Boeing: The Achilles’ Heel
The company acknowledged that the traffic increase was achieved despite repeated delays in receiving new aircraft from U.S. manufacturer Boeing. This situation limits opportunities for faster expansion and is projected to continue affecting traffic growth in the coming months.
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