Ryanair CEO Michael O'Leary hits out at the U.K. government, warning against tax increases on the airline sector and saying Chancellor Rachel Reeves “hasn't a clue how to deliver growth”.
The budget airline said earlier-than-expected deliveries of Boeing aircraft would allow it to carry more passengers in fiscal 2026 than previously forecast.
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RYAAY flies 19.4M passengers in September, with steady demand keeping load factors at 94% despite Boeing delivery delays.
RYAAY benefits from the upbeat passenger volumes and fleet-upgrade efforts.
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Here is how LATAM (LTM) and Ryanair (RYAAY) have performed compared to their sector so far this year.
Revenue and earnings beat expectations, with net profit reaching €820 million, and EBIT margins expanding on stronger fare yields and tight cost control. Strategic aircraft deliveries, network expansion, and upcoming index inclusions provide further upside. Ryanair's long-term plan remains on track, and with minor positive forecast adjustments, we slightly increased Ryanair's target price.
Ryanair Holdings plc (NASDAQ:RYAAY ) Q1 2026 Earnings Conference Call July 21, 2025 5:00 AM ET Company Participants Edward Wilson - Chief Executive Officer of Ryanair DAC Jamie Donovan - Corporate Participant Juliusz Komorek - Group Chief Legal & Regulatory Officer and Company Secretary Michael O'Leary - Group CEO & Executive Director Neil Sorahan - Group Chief Financial Officer Thomas Fowler - Director of Sustainability & Finance Tracey McCann - Chief Financial Officer of Ryanair DAC Conference Call Participants Alexander Irving - Sanford C. Bernstein & Co., LLC.
Ryanair has a reputation for cost control, and it actually rewards staff for identifying bags that are too big to be carried on board.