Ryanair Holdings plcRY4C
▼ NegativeCapitalrelevance
Operating profit fell 37% due to higher costs and lower fares.
Impact on stocks 3
Industrials
Ryanair Traffic Rises but Fares Fall and Costs Climb
Earnings
Ryanair Holdings reported a 6% increase in first-quarter fiscal 2027 traffic to 61.3 million passengers, but average fares fell 6% to €48 and operating profit dropped 37% to €575.4 million. Operating expenses rose 11% to €3.81 billion, driven by a 16% jump in fuel and oil costs, an 8% rise in route charges, and a 30% surge in maintenance, materials and repair expenses. The airline carried 208.4 million passengers in fiscal 2026, up 4%, and expects fiscal 2027 traffic to rise another 4% to 216 million passengers. Ryanair ended June with more than €2.8 billion of gross cash and €2.7 billion of net cash after repaying €1.3 billion of debt, and it was about 90% through its €750 million buyback program. The stock trades at 1.46 times forward 12-month price-to-sales, below its five-year median of 1.75 times, but Zacks Investment Research maintains a Sell rating on the shares.
Ryanair Holdings plcOperating profit fell 37% due to higher costs and lower fares.
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