Ryanair Faces Profit Decline Amid Boeing Delays and Lower Fares

The airline's profits dropped by 18% as it grapples with aircraft delivery issues and a reduction in ticket prices.

Ryanair reported a net profit of €1.79 billion for the first half of the financial year, marking an 18% decrease from the previous year.
The airline attributed the profit decline to a 10% drop in average fares and increased operational costs.
Boeing delivery delays, exacerbated by a prolonged workers' strike, have forced Ryanair to revise its passenger growth target down from 215 million to 210 million for fiscal 2026.
Despite the challenges, Ryanair saw a 9% increase in passenger traffic, reaching a record 115 million customers in the first half of the year.
CEO Michael O'Leary remains optimistic about future demand but warns of potential risks from geopolitical tensions and further Boeing delays.