Ryanair Reports Fiscal First Quarter 2025 Profit After Tax of €820 Million
- Joe Breitfeller
- 2 days ago
- 3 min read
Ryanair has reported a fiscal first quarter 2025 profit after tax (PAT) of €820 million on a 20 percent year-over-year increase in revenue to €4.34 billion. At June 30, 2025, the carrier has net cash totaling €2.0 billion.
On Monday (July 21, 2025), Ryanair reported their fiscal first quarter financial results for the period ending June 30, 2025. The carrier reported a profit after tax (PAT) of €820 million, up from €360 million during fiscal Q1 2024, on a 20 percent year-over-year increase in revenue to €4.34 billion. Ryanair’s maintains a BBB+ credit rating with both Fitch and S&P, and has an unencumbered Boeing 737 fleet of over 590 aircraft. At June 30, 2025, the company’s gross cash was €4.4 billion after €0.6 billion in CAPEX and almost €0.4 billion debt repayments, while net cash was €2.0 billion, up from €1.3 billion at March 31, 2025.
In Monday’s announcement, Ryanair Group’s CEO, Michael O’Leary, said in part,
“Total revenue rose 20% to €4.34bn. Scheduled revenue increased 26% to €2.94bn as traffic grew 4% with 21% higher fares. Q1 fares substantially benefitted from having a full Easter holiday in April, weak prior-year comps and marginally stronger than expected close-in pricing. Ancillary revenues delivered another solid performance rising 7% to €1.39bn. Operating costs rose 5% (+1% per pax) to €3.42bn as our jet fuel hedging largely offset ATC fees (up 16%) and higher enviro. costs (as ETS allowances unwind and SAF blend mandates impact costs from Jan. 2025). Ryanair’s competitive fuel hedging provides a key advantage in current volatile oil markets, with FY26 almost 85% hedged at $76bbl and FY27 36% hedged at just under $66bbl…”
During the fiscal first quarter, Ryanair took delivery of five new Boeing 737-8200 ‘Gamechangers’ which offer 4.0 percent more seats and a 16 percent reduction in fuel burn and emissions, and also saw a 1.5 percent lower fuel burn and 6 percent less noise benefit from the retrofit of winglets on their B737NG fleet. Ryanair plans on retrofitting 409 of the type by 2026.
Currently, Ryanair has 181 Boeing 737-8200 ‘Gamechangers’ in their fleet, up from 25 in June 2024, and a total of 618 aircraft in their fleet. The 29 remaining B737-8200s in Ryanair’s 210 aircraft orderbook with Boeing are expected to be delivered ahead of summer 2026. Boeing expects the 737-10 MAX to be certified by year-end 2025, and Ryanair is planning for the delivery of the first 15 of the type in spring 2027, with a total of 300 scheduled for delivery by March 2034. The company’s recent deal to buy 30 CFM LEAP-IB engines represents a $500 million commitment to improve their operational resilience. These latest technology engines reduce fuel consumption and CO2 emissions by up to 20 percent per seat.
For summer 2025, Ryanair will operate over 2,600 routes, including 160 new routes. The company believes European short-haul capacity will remain constrained through 2030, as Airbus and Boeing remain well behind on aircraft deliveries, many of Europe’s Airbus operators work through Pratt & Whitney engine repairs, and EU airline consolidation continues. Ryanair believes that these industry capacity constraints, combined with their widening unit cost and fuel hedge advantage, strong balance sheet, low-cost aircraft orders, and industry-leading operational resilience, will facilitate their controlled profitable growth to 300 million passengers annually by FY34.
Source: Ryanair
