Ryanair first-half profit falls 15% as fuel costs and lower fares squeeze margins

AI-generated. This briefing was written by an AI model from published sources and was not reviewed by a person before publication. Check the original sources before relying on it.

Published: November 2, 2026

2 sources

First reported by: Aviation24.be

Ryanair HoldingsMichael O’LearyEuropean Union Aviation Safety AgencyBoeingBoeing 737 MAX 10RiminiEuropean air traffic control

In brief

Ryanair reported first-half FY2027 profit after tax of €2.15 billion, down 15%, as higher fuel costs and lower fares outweighed passenger growth.

Sources disagree

Factual claims where reporting sources diverge. Treat with care until confirmed by the primary investigator or regulator.

The forward passenger target is described as more than 220 million for summer 2027 in one report and as 220 million for FY2028 in another.
Aviation24.beInvesting.com
MAX 10 arrival timing is described as spring 2027 in one report, while a transcript excerpt says the first aircraft is due at the end of January 2027.
Aviation24.beInvesting.com

Ryanair Holdings reported a 15% year-on-year fall in profit after tax for the first half of its 2026/27 financial year, even as it carried more passengers and generated higher revenue. For the six months ending 30 September 2026, profit after tax was €2.15 billion, compared with €2.54 billion in the corresponding period a year earlier. The central tension in the results was growth without equivalent earnings growth: passenger traffic increased, but average fares declined and operating costs rose sharply, with unhedged jet fuel prices cited as a principal cost pressure.

The figures show a…

Sign in to read the full briefing

Create a free account or sign in to unlock the full story. Unlocking uses 1 credit from your plan, and every story you unlock stays unlocked forever.