Ryanair Holdings plc Earnings Recaps
Q3 2026
Jan 26, 2026
Ryanair's Q3 results reflect strong operational performance with a net profit of EUR 115 million, driven by a 6% increase in traffic and disciplined cost management despite an exceptional charge related to a disputed fine.
Key takeaways
- Traffic rose to 47.5 million passengers, a 6% increase year-over-year, with fares up 4%.
- Full-year profit guidance increased to a range of EUR 2.13 billion to EUR 2.23 billion, bolstered by ongoing demand and a strong revenue performance.
- Ryanair's fuel costs are significantly hedged, providing a forecasted 10% savings for FY '27 due to lower jet fuel prices.
- The airline plans to open three new bases and operate over 160 new routes for Summer 2026, enhancing capacity and market reach.
- Despite a EUR 256 million fine from the Italian AGCM, Ryanair remains confident in its position and expects the charge to be overturned on appeal.