Ryanair shoots up profit to 2.260 million in fiscal year 2026
The airline raises revenues and passengers and assures that Europe is "well supplied" with jet fuel
BarcelonaRyanair completes fiscal year 2026 with a 40% jump in profit, to a record figure of 2.26 billion euros. The low-cost airline has earned 15.54 billion euros between April 2025 and March this year, 11% more than in the previous fiscal year. The economic improvements have been recorded following a 4% increase in passengers, who exceeded 208 million in the 12 recorded months.
It should be noted that profit after tax, according to the statement released by the group this Monday, does not include "exceptional items," among which is a provision to cover part of a fine from the Italian Competition Authority (AGCM) for "abuse of dominant market position," amounting to 256 million euros. This fine, in the airline's view, "has no basis" and "will be annulled on appeal."
Looking ahead to fiscal year 2027, which began in April, the company has not provided any forecasts, given "high exposure to adverse external events," especially the war in Iran and the resulting fuel supply risks. In this regard, the company has reserved its calculations for the coming year until the end of July, when the first-half results will be presented.
Europe, "well supplied"
The 2026 fiscal year coincided with the war in Iran in just five weeks. The conflict's impact on Ryanair's accounts has therefore been limited. The company assumes that adverse effects may increase going forward, although it considers that "Europe remains relatively well supplied" in terms of jet fuel. For example, according to data from the Spanish Ministry of Ecological Transition, the State has reserves until August.
Unlike other territories, airlines in the Twenty-seven operate with refined product from local infrastructure, as well as with "significant volumes imported from West Africa, the Americas, and Norway". Furthermore, Ryanair's "conservative" procurement strategy allows it to cover 80% of its fuel needs until April 2027 at a price of $67 per barrel, far below the $162 recorded in the latest data from the International Air Transport Association (IATA). This agreement will serve to "insulate the group's results from a highly volatile environment in the oil markets".
