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Ryanair Lifts Annual Traffic Target as Half‑Year Profit Jumps on Higher Fares

Management signals slower fare momentum in the second half.

Overview

  • Profit after tax for the six months to September rose 42% to €2.54 billion, with pre‑tax profit at about €2.9 billion, roughly 40% higher year on year.
  • Record half‑year traffic reached 119 million passengers, as average fares increased 13% and revenues per passenger rose 9% on stronger ancillary income.
  • Full‑year passenger guidance increased to around 207 million, supported by earlier‑than‑expected Boeing deliveries that added capacity for the current quarter.
  • Ryanair received 23 Boeing 737 MAX 8s and expects six more by February, and it plans to accelerate pilot recruitment ahead of MAX 10 deliveries slated to begin in early 2027.
  • Michael O’Leary warned of exposure to conflict in Ukraine and the Middle East, macro shocks, and European ATC strikes, and he noted tougher prior‑year fare comparisons that could limit price growth.