Ryanair quarterly profit falls on Mideast war impact

Ryanair reported a 6% decline in Q2 net profit to €1.61B, citing higher fuel costs due to the Middle East war. The airline expects fuel prices to stay elevated into 2027, potentially increasing its fuel bill by €2B next year. Full-year guidance remains uncertain due to geopolitical risks, according to CEO Michael O’Leary.

Ryanair plans to freeze wages and increase fares in 2027 due to rising jet fuel costs, driven by the Middle East war. The airline's profit fell 6% to €1.61 billion in Q2, while revenue rose 4% to €5.7 billion. Ryanair has hedged 80% of its fuel for the current year at $67/barrel, but only 25% for 2027-2028 at $95/barrel. CEO Michael O'Leary expects 'double-digit' fare hikes across Europe next year.

Ryanair (RYAAY) is considering a staff pay freeze and increased AI use due to a £1.7B rise in fuel costs. Profit after tax fell 15% to £1.79B for the half-year, while revenue rose 3% to £8.41B. Operating costs increased 10% to £6.42B. The airline warns of higher airfares and reduced passenger targets to offset fuel price surges.

Ryanair reported a 15% drop in first-half profit to €2.15 billion, citing higher fuel costs and lower fares. Revenue rose 3% to €10.08 billion, while passenger numbers increased 6%. The airline anticipates a €2 billion rise in its fuel bill for the next fiscal year, according to CEO Michael O'Leary. Ryanair is exploring cost-cutting measures and announced an €800 million share buyback program. The company's share price rose 2% in early trading.

Ryanair is reviewing cost-cutting measures, including crew reductions or pay freezes, due to a projected €2 billion increase in fuel costs by March 2028. CEO Michael O’Leary expects elevated fuel prices into 2027 and material fare increases. The airline anticipates 3% traffic growth to 214 million, with unit cost leadership widening.

Ryanair is exploring cost-cutting measures, including pay freezes and AI use, to offset a €2bn fuel cost increase. CEO Michael O'Leary expects European short-haul fares to rise materially. The company's Q3 profit fell 6% YoY to €1.61bn, with passenger numbers up 5% to 64.5 million.