Ryanair Holdings plc (RYAAY)

The company now

Ryanair reported on 2 November that half-year profit after tax fell 15 percent to €2.15 billion from €2.54 billion 1. Unhedged jet fuel, the 20 percent of its fuel not bought ahead at a fixed price, doubled in cost, and average fares fell 4 percent 1. Traffic grew 6 percent to 125.8 million passengers, and revenue rose 3 percent to €10.08 billion 1.

October traffic added 1 percent more guests, 19.4 million against 19.2 million a year earlier 4.

Management said the Middle East conflict made travellers hesitant and bookings later, which held fares down early in the year 1. Chief executive Michael O'Leary said the company expects jet-fuel prices to remain elevated well into 2027 1. Fuel for this fiscal year is 80 percent hedged, meaning bought ahead, at about $67 a barrel, but only 25 percent of the next fiscal year is covered, at about $95 1.

The open question is cost: the next fiscal year's fuel bill is estimated at about €2 billion higher at current forward prices, and higher fares are unlikely to offset all of it 15. It is reviewing all costs, including maturing labour agreements that may require temporary pay freezes 1. It gave no profit guidance for the year 1.

As of Nov 3, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.