Ryanair shares rose 5.1% as the market applauded better-than-expected cost discipline and a solid traffic increase despite fleet delivery delays, while fuel hedging and capacity allocation strategies appear to mitigate near-term risks.
- Reported record full-year profit of EUR 2.26 billion, up 40% year-over-year.
- Passenger traffic grew 4% to 208.4 million despite delays in receiving Boeing Gamechanger aircraft.
- Unit costs increased only 1%, reflecting strong cost control efforts amid inflationary pressures.
- 80% of jet fuel requirements are hedged at $67/barrel for FY '27, below prior year’s $76, providing protection against volatile prices.
- FY '27 traffic expected to rise about 4%, but forward pricing softening and increased EU environmental taxes pose downside risk.
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