Revenue growth and passenger increase

Ryanair reported a 3 percent increase in revenue to 10.08 billion euros for the first half of its fiscal year 2026/2027, ending September 30. The airline carried 125.8 million passengers, a 6 percent rise compared to the same period last year.

Fare decline and ancillary income

Despite the increase in passenger numbers, the average fare dropped by 4 percent to 55.70 euros. Ancillary revenues, which include fees for baggage and seat selection, rose by 6 percent to 3.08 billion euros.

Operating costs and profit decline

Operating costs climbed by 10 percent to 7.69 billion euros, leading to a net profit of 2.15 billion euros, a 15 percent decrease compared to 2.54 billion euros in the previous year.

Fuel price impact and future projections

The price of 20 percent of Ryanair’s uncovered jet fuel has doubled to about 130 dollars per barrel, while the remaining 80 percent is covered at around 67 dollars per barrel until March 2027. The airline estimates its fuel bill could rise by about 2 billion euros in the 2027/2028 fiscal year.

Cost management and technological review

To handle rising expenses, Ryanair is reviewing all its costs, including airport agreements, wages, and operational efficiencies. Possible temporary wage freezes are being considered, along with the use of artificial intelligence in operations and support functions.

Route expansion and fleet updates

Ryanair has lowered its 2026/2027 passenger target to 214 million from 216 million, aiming for over 220 million passengers in the 2027/2028 fiscal year. The company plans to add 126 new routes and establish a base in Rimini for the summer of 2027, focusing on markets with lower taxes and fees.

New aircraft and forecast uncertainty

The airline expects to receive its first 16 Boeing 737 MAX 10 aircraft in spring 2027, pending certification from the European Aviation Safety Agency. Despite strong third-quarter demand with slightly higher fares, Ryanair does not publish annual profit forecasts due to uncertainties in the fourth quarter, including fuel prices, geopolitical conflicts, and air traffic control disruptions.