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Ryanair profit slump deepens as fuel costs soar

Updated 1 time since CLSTR started tracking revisions of this situation.

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2026-07-31 09:39 UTC → 2026-08-08 23:04 UTC · added removed

Ryanair’s earnings pressure persisted into the second quarter of fiscal 2026/27. After reporting a 34 % 34% drop in net profit to €538 million for the quarter ended 30 June, the carrier confirmed a further 34 % 34% plunge in pre‑tax pre-tax profit to €593 million for the April‑June April-June period, prompting it to suspend its financial outlook for the remainder of 2026. Operating expenses remained 11 % 11% higher year‑on‑year, year-on-year, driven largely by a near‑doubling near-doubling of un‑hedged jet‑fuel unhedged jet-fuel costs, while the airline’s 80 % fuel‑hedging 80% fuel-hedging programme covered only part of the increase. Average fares were again cut about 6 % 6% to support demand amid lingering consumer hesitation linked to Middle‑East Middle-East tensions, notably the conflict in Iran that pushed crude above $90 per barrel. Load While load factors stayed remained robust, but revenue per passenger fell. Shares fell 5‑7 % after the results and Despite these financial headwinds, Ryanair demonstrated passenger growth in July 2026, transporting 22.2 million people—a 7% increase year-on-year—with a 96% average load factor. Morgan Stanley also upgraded its outlook on the company retained carrier, raising its 12-month target of 216 million passengers for the year ending March 2027 price to €27.60 and its pending delivery of Boeing 737 MAX‑10 aircraft. maintaining an "overweight" rating, citing Ryanair's low-cost structure and strong market position. Concurrently, the broader Irish aviation sector faced difficulties. Aer Lingus reported an operating loss, underscoring that loss of €34 million for the first half of 2026, citing higher fuel and carbon costs are tightening margins across Irish carriers. alongside intensified competition on North Atlantic routes.

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  1. 2026-08-08 23:04 UTC Ryanair profit slump deepens as fuel costs soar
  2. 2026-07-31 09:39 UTC Ryanair profit slump deepens as fuel costs soar

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