Ryanair Reports Fiscal Second Quarter 2026 Net Profit of €1.72 Billion
- Joe Breitfeller
- Nov 4
- 2 min read
Ryanair has reported a second quarter net profit of €1.72 billion on a year-over-year increase in revenue of 8.0 percent to €5.07 billion.
On Monday (November 3, 2025) Ryanair reported their fiscal second quarter 2026 financial results for the period ending September 30, 2025. The carrier reported a second quarter net profit of €1.72 billion on an 8.0 percent year-over-year increase in revenue to €5.07 billion. At September 30, 2025, Ryanair had gross cash totaling €3.0 billion after €1.2 billion in debt repayments. The company’s liquidity is further boosted by the Group’s revolving credit facility which has approximately €1.0 billion undrawn and available. Ryanair's net cash rose to over €1.5 billion from €1.3 billion at March 31, 2025, leaving the Group well positioned to fund CAPEX and repay their last remaining bond of €1.2 billion in May 2026 from internal cash resources.
In Monday’s announcement, Ryanair Group’s CEO, Michael O’Leary, said in part,
“H1 revenues rose 13% to €9.82bn. Scheduled revenue increased 16% to €6.91bn as traffic grew 3% but fares rose 13%. Fares benefitted from having the full Easter holiday in Q1 (with weak prior-year comps) and we achieved a full recovery of the 7% fare decline we suffered in last year’s Q2. Ancillary revenue was solid, rising 6% to €2.91bn. Operating costs rose 4% (+1% per pax) to €6.96bn as our fuel hedges helped offset higher ATC fees (up 14%) and enviro. costs (ETS allowance unwind and SAF blend mandates from last Jan.).
“H2 FY26 fuel is c.85% hedged at $76bbl (de-risking the Group for the remainder of this year) and we’ve taken advantage of recent price dips to extend our FY27 hedge cover to 80% at just under $67bbl, locking in price savings of over 10% in our fuel costs next year…”
Ryanair ended the fiscal 2026 second quarter with a fleet of 636 aircraft, including 199 fuel-efficient Boeing 737-8200 ‘Gamechangers.’ Boeing expects to achieve 737-10 MAX certification in mid-2026, and plans on meeting Ryanair’s contract delivery dates for their first 15 of the type in Spring 2027, with 300 due for delivery by March 2034. During H1 Ryanair took delivery of 23 new Gamechangers, and benefitted from the retrofit of winglets to approximately 60 percent of their B737NG fleet. The carrier expects that all 409 NGs will be retrofitted by the end of 2026, and the company expects to have all 210 Gamechangers in their fleet well ahead of summer 2026.
Ryanair Holdings, plc is Europe’s largest airline conglomerate and the parent company of Buzz, Lauda, Malta Air, and Ryanair DAC. The airline carries over 150 million passengers annually with more than 2,500 daily departures. Ryanair serves over 200 destinations in 40 countries with a fleet of nearly 600 aircraft including Boeing 737NGs, Boeing 737-8200 Gamechangers and Airbus A320s with Lauda. Ryanair has maintained a stellar safety record for nearly 40 years and prides itself on being “Europe’s greenest cleanest airline group,” promising customers a reduction in CO2 emissions of up to 50%, versus the ‘Big 4 EU major airlines.’ The company continues to grow across Europe and plans on carrying 300 million passengers annually by FY 2034.
Source: Ryanair
