LONDON (ShareCast) - (Sharecast News) - Budget airline Ryanair reported a 16% decline in full-year profit on Monday as average fares fell.
In the year to the end of March, profit after tax dropped to €1.61bn from €1.92bn the year before, as average fares declined 7%.

Passenger numbers rose 9% to a record 200.2m despite Boeing delivery delays and revenue ticked up 4% to €13.44bn. The load factor - which gauges how full the planes are - was steady at 94%.

Operating costs were in line with Ryanair's expectations, rising 9% to €12.39bn as fuel hedge savings offset higher staff and other costs due in part to repeated Boeing delivery delays.

Ryanair said it expects FY26 traffic to grow by just 3% to 206m passengers due to constrained/delayed Boeing deliveries.

Chief executive officer Michael O'Leary said: "While we cautiously expect to recover most, but not all of last year's 7% fare decline, which should lead to reasonable net profit growth in FY26, it is far too early to provide any meaningful guidance.

"The final FY26 outcome remains heavily exposed to adverse external developments, incl. the risk of tariff wars, macro-economic shocks, conflict escalation in Ukraine and the Middle East and European ATC mismanagement/ short staffing."

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