Ryanair reported a €2.26 billion net profit for its financial year 2026, up 40 percent over last year’s €1.61 billion and the highest in the airline’s history. The Irish low-cost benefited from strong demand, with passenger volumes up by four percent to 208 million at a 94 percent load factor. This is slightly up from the guided 206 million despite delivery delays at Boeing.
The profit after tax is pre-exceptional, as it includes a €85 million provision for a fine that the Italian competition authority levied in December. The full €256 million fine is related to the cancellation of flights in 2021 during the pandemic. Ryanair is confident that the fine can be overturned, especially since the Italian Council of State annulled it last week for discriminating against the airline.
Operating revenues grew 11 percent to €15.5 billion, with ticket revenues up 14 percent and ancillary revenues by six percent. Fares were ten percent higher than the previous year. “That means that we recovered the seven percent decline in fares we saw in the prior year. Over the last two years, average fares were up by about three percent”, said Group CEO Michael O’Leary.
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