Ryanair: Reduced profits, record passenger traffic

Delays in aircraft deliveries from Boeing continue to limit Ryanair's growth plans, with the company recording a decrease in profits in the financial year ending March 31, 2025, despite the fact that it exceeded 200 million annual passengers.

Ryanair Holdings plc announced a net profit of €1.61 ​​billion for the financial year, down 16% compared to the previous year (€1.92 billion), despite a significant increase in passenger traffic by 9%, which amounted to an all-time record of 200.2 million passengers.

Key financial figures (financial year to March 2025):

Revenue: €13.95 billion (+4%)

Passenger traffic: 200.2 million passengers (+9%)

Average fare: -7%

Net profit: €1.61 ​​billion (-16%)

Operating expenses: €12.39 billion (+9%)

Load factor: 94%

Average fares decreased from €50 in FY2024 to €46, but total revenue increased by 4% to €13.95 billion.

Strong balance sheet & investment moves

Net cash: €1.3 billion

Purchase and cancellation of 7% of the company's shares in 2025.

Final dividend of €0.227 per share, payable in September, subject to the approval of the General Meeting.

Credit line enhancement to €1.1 billion by 2030.

Fleet & growth plans

181 Boeing 737 "Gamechangers" out of a total of 618.

Limited passenger growth in 2026 (+3%) due to delivery delays.

Scheduled delivery of 15 MAX-10 aircraft in spring 2027, aiming for 300 million passengers by 2034.

Environment & ESG

Delivery of 30 new "Gamechangers" with 16% lower CO₂ emissions.

Acceleration of winglet installation in the existing fleet to reduce fuel consumption and noise.

Seasonal demand & outlook

Strong demand is expected for the summer of 2025, with prices moving up compared to the previous year.

A recovery in fares is expected in the first half of 2026, however, management points out that the final result remains vulnerable to external risks (e.g., geopolitical tensions, market turbulence, problems in European air traffic).

Group CEO, Michael O’Leary, stated that Ryanair will continue its controlled, profitable growth, benefiting from its strong balance sheet, low operating costs, and moderate seat supply in the European market.

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