Ryanair Holdings plc Earnings Recaps
Q3 2026
Jan 26, 2026
Ryanair posted a Q3 profit after tax of EUR 115 million, with a 6% increase in traffic and a 4% rise in fares, despite a significant provision for a contested fine from the Italian AGCM.
Key takeaways
- Traffic for Q3 increased to 47.5 million passengers, up 6%, with a 9% rise in revenue to EUR 3.21 billion.
- Ryanair is now forecasting FY '26 traffic to reach nearly 208 million, reflecting strong demand and efficient fleet management.
- The airline has 80% of its fuel hedged for FY '27 at $67 per barrel, projecting notable cost savings.
- Customer satisfaction scores improved to 89% year-to-date, supported by strong on-time performance.
- Despite external risks, Ryanair maintains a cautiously optimistic profit guidance of EUR 2.13 billion to EUR 2.23 billion for the full year, bolstered by disciplined capital allocation and operational efficiency.