Ryanair annual profit drops 16% as fares fall

Ryanair attributed the little fares to tighter user budgets amid persistently precocious involvement rates and inflation, unfavourable Easter vacation dates and a crisp driblet disconnected successful bookings via online question agencies. Photo: David GANNON / AFP/File
Source: AFP

Irish no-frills bearer Ryanair connected Monday said nett net fell 16 percent successful its fiscal twelvemonth arsenic it chopped summons prices to boost rider numbers.

Profit aft taxation slid to 1.61 cardinal euros ($1.8 billion) successful the 12 months to the extremity of March for the hose that flies mostly crossed Europe, Ryanair said successful an net statement.

Revenue accrued 4 percent to 13.95 cardinal euros.

A 7 percent driblet successful fares saw rider numbers emergence to conscionable implicit 200 million, up from astir 184 cardinal passengers the erstwhile year.

"We cautiously expect to retrieve most, but not all, of past year's 7 percent fare decline, which should pb to tenable nett net growth," successful its 2026 fiscal year, the institution said.

Ryanair attributed the little fares to tighter user budgets amid persistently precocious involvement rates and inflation, unfavourable Easter vacation dates and a crisp driblet disconnected successful bookings via online question agencies.

It warned that it expected conscionable a 3 percent maturation successful rider numbers for the 2026 fiscal twelvemonth owed to delayed Boeing deliveries.

Manufacturing issues astatine US craft shaper Boeing person caused Ryanair to little maturation forecasts respective times.

Chief enforcement Michael O'Leary besides said past period that Ryanair whitethorn defer deliveries of caller Boeing jets should the fallout from US President Donald Trump's tariffs marque them much expensive.

Trump's tariffs, including connected cardinal craft materials aluminium and steel, unneurotic with retaliatory levies hazard impacting planetary proviso chains, successful crook hiking costs crossed sectors.

The hose said connected Monday that it remains "heavily exposed" to risks from tariff wars, macroeconomic shocks and geopolitical conflicts, but that it is "far excessively aboriginal to supply immoderate meaningful guidance" connected its outlook.

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Source: AFP