Ryanair more than doubles Q1 profit on fare recovery and strong easter traffic

Ryanair posted a net profit of €820 million for the first quarter of its fiscal year (April–June), more than doubling the €320 million recorded a year earlier and significantly beating analyst expectations of €760 million.

Traffic rose 4% to 58 million passengers, supported by a 21% increase in average fares, while revenue per passenger climbed 15%.

“First-quarter fares benefited significantly from Easter holidays falling in April, last year’s weaker pricing, and slightly stronger-than-expected close-in fares,” said CEO Michael O’Leary.

Ancillary revenues continued to perform strongly, up 7% to €1.39 billion.

For fiscal 2026, Ryanair expects traffic growth of around 3% to 206 million passengers, limited by ongoing delays in Boeing deliveries. The low-cost carrier also cautiously expects to nearly fully recover last year’s 7% fare decline, supporting a reasonable increase in full-year net profit.