RYAAY Ryanair earned €538M after-tax profit in Q1 (to June 30) vs €579M forecast by company poll of analysts Ryanair: Q1 revenue per passeng
RYAAY Ryanair earned €538M after-tax profit in Q1 (to June 30) vs €579M forecast by company poll of analysts Ryanair: Q1 revenue per passenger fell 5% (average fares down 6% & ancillary revenue flat) - Q1 after-tax profit fell 34% year-on-year as price of unhedged jet-fuel spiked and fares fell 6% - Fy27 jet-fuel is 80% hedged at $67 per Barrel; fy28 now 15% hedged at $85 per Barrel - At 30 June gross cash was over €2.8B, after €1.3B debt repayments and €0.5B CAPEX - Q1 unit costs climbed 5% as unhedged Q1 jet-fuel prices doubled to $150 per Barrel - Fy27 traffic remains on track to grow 4% to 216M passengers (h1 +6%; h2 +2%) - We expect European short-haul capacity to remain constrained until at least 2030 - Boeing continues to expect Max-10 certification in late summer 2026; plans to deliver ryanair’s first 15 Max-10s on time in Spring 2027 - Despite a recent slight uptick in volumes and less price stimulation, Q2 pricing trending modestly down (y-o-y) - Summer volumes are strong, but booking window remains closer-in than last year which further reduces visibility
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RYAAY Ryanair earned €538M after-tax profit in Q1 (to June 30) vs €579M forecast by company poll of analysts Ryanair: Q1 revenue per passenger fell 5% (average fares down 6% & ancillary revenue flat) - Q1 after-tax profit fell 34% year-on-year as price of unhedged jet-fuel spiked and fares fell 6% - Fy27 jet-fuel is 80% hedged at $67 per Barrel; fy28 now 15% hedged at $85 per Barrel - At 30 June gross cash was over €2.8B, after €1.3B debt repayments and €0.5B CAPEX - Q1 unit costs climbed 5% as unhedged Q1 jet-fuel prices doubled to $150 per Barrel - Fy27 traffic remains on track to grow 4% to 216M passengers (h1 +6%; h2 +2%) - We expect European short-haul capacity to remain constrained until at least 2030 - Boeing continues to expect Max-10 certification in late summer 2026; plans to deliver ryanair’s first 15 Max-10s on time in Spring 2027 - Despite a recent slight uptick in volumes and less price stimulation, Q2 pricing trending modestly down (y-o-y) - Summer volumes are strong, but booking window remains closer-in than last year which further reduces visibility