Ryanair has reported a Q3 profit after tax of €115 million (pre‑exceptional) for the quarter ending 31 December, reflecting continued passenger growth and stronger yields, despite the impact of an exceptional regulatory charge.
The airline carried 47.5 million passengers, a 6% increase compared to the same quarter last year, with the average fare rising 4% to €44. Total quarterly revenue grew 9% to €3.21 billion, supported by a 10% rise in scheduled revenue and a 7% increase in ancillary revenue.
Operating costs rose 6%, though Ryanair highlighted that unit costs remained flat, excluding the exceptional item. The quarter included an €85 million provision – around one‑third of the €256 million fine issued by the Italian AGCM – which Ryanair has labelled “baseless” and expects to overturn on appeal.
By the end of December, the airline had 206 Boeing 737‑8200 aircraft in its 643‑strong fleet, with the final four of its 210‑aircraft order set to arrive by late February. These more efficient aircraft continue to underpin the airline’s cost and environmental performance.
Looking ahead to Summer 2026, Ryanair has announced three new bases and 106 new routes now on sale. The airline is also 80% hedged on fuel for FY27 at $67 per barrel, improving cost visibility for the coming year.
Ryanair ends the quarter with a strong balance sheet, holding €2.4 billion in gross cash and €1 billion net cash, supported by a BBB+ credit rating. The carrier continues its €750 million share buyback programme, having repurchased 13.1 million shares by year‑end, and will issue an interim dividend of €0.193 per share in late February.
Despite the exceptional charge, Ryanair maintains a positive outlook, emphasising its expanding fleet, robust demand, and confidence in long‑term growth toward 300 million annual passengers by FY34.
