Ryanair Reports Full Year 2024/25 Net Profit of €1.61 Billion

Ryanair has reported a full-year 2024/25 net profit of €1.61 billion on a 4.0 percent year-over-year increase in revenue to €13.95 billion.  At March 31, 2025, the carrier had gross cash totaling nearly €4.0 billion, and net cash totaling €1.3 billion.

Ryanair Reports FY 2024/25 Financial Results - Courtesy Ryanair

On Monday (May 19, 2025), Ryanair Holdings plc reported their full FY 2024/25 financial results for the period ending March 31, 2025.  The Group reported a full-year net profit of €1.61 billion, down from €1.92 billion in the previous financial year, on a 4.0 percent year-over-year increase in revenue to €13.95 billion, despite 7.0 percent lower fares.  At March 31, 2025, the carrier had gross cash of nearly €4.0 billion, and net cash totaling €1.3 billion.  During FY 2024/25, Ryanair became the first EU airline ever to carry a record 200 million guests in a single year.

In Monday’s announcement, Ryanair Group’s CEO, Michael O’Leary, said,

“The key feature of last year’s result was the 7% decline in fares which drove strong traffic growth of 9% to just over 200m.  Total revenue rose 4% to €13.95bn.  Scheduled revenue increased 1% to €9.23bn as traffic (despite repeated Boeing delivery delays) grew 9%.  The absence of a full Easter in Q1, consumer spending pressure (driven by higher-for-longer interest rates and inflation in H1) and a big drop off in OTA bookings prior to S.24 necessitated repeated price stimulation last year.  Ancillary revenues were solid rising 10% to €4.72bn.  Operating costs (flat on a per passenger basis) were in line with expectations, rising 9% to €12.39bn as fuel hedge savings offset higher staff and other costs due (in part) to repeated Boeing delivery delays.

“Our FY26 fuel is almost 85% hedged at $76bbl and FY27 is 36% hedged at just under $66bbl which helps de-risk the Group from fuel price volatility.”

Ryanair's FY 2024/25 Financial Highlights - Courtesy Ryanair

Currently, Ryanair has 181 Boeing 737-8200 MAX ‘Gamechangers’ in their fleet, up five from year-end.  The carrier continues to work closely with Boeing to accelerate the remaining 29 Gamechangers in their 210 orderbook, and expects them to be delivered ahead of summer 2026.  Boeing expects the B737-10 MAX to be certified in late 2025, so Ryanair is planning for the delivery of their first 15 of the type in spring 2027, with a total of 300 due by March 2034. 

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