Ryanair Holdings plc ( RYAAY ) Q2 2026 Earnings Call November 3, 2025 5:00 AM EST Company Participants Michael O'Leary - Group CEO & Executive Director Neil Sorahan - Group Chief Financial Officer Edward Wilson - Chief Executive Officer of Ryanair DAC Tracey McCann - Chief Financial Officer of Ryanair DAC Michal Kaczmarzyk - Chief Executive Officer of Buzz John Norton - Group Treasurer Thomas Fowler - Director of Sustainability & Finance Conference Call Participants Harry Gowers - JPMorgan Chase & Co, Research Division James Hollins - BNP Paribas, Research Division Jaime Rowbotham - Deutsche Bank AG, Research Division Jarrod Castle - UBS Investment Bank, Research Division Stephen Furlong - Davy, Research Division Alexander Irving - Sanford C. Bernstein & Co., LLC.
Ryanair Holdings PLC (LSE:RYA) reported a strong set of first-half results and raised full-year traffic guidance, citing earlier-than-expected Boeing 737 Max-8 deliveries Six-month revenues of €9.82 billion were generated, up 12%, while net income climbed 42% to €2.54 billion, broadly in line with expectations. The airline's second-quarter profit of €1.72 billion was slightly ahead of consensus, helped by lower operating costs and solid ancillary revenue growth.
Ryanair CEO Michael O'Leary sharply criticized the U.K. government's push to raise taxes on passenger flights. The outspoken CEO of Europe's largest low-cost carrier described the Treasury as “hopeless” and “useless.
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.