DUBLIN (Reuters) -Ryanair reported a 16% fall in its annual profit on Monday due to weaker average fares, but Europe’s largest low-cost carrier said that demand for the coming summer was strong and that fares were modestly higher.
After-tax profit for Ryanair’s financial year, which ends on March 31, was 1.6 billion euros ($1.79 billion), in line with a company poll of analysts.
“We are seeing robust summer 2025 travel demand across our network,” Chief Executive Michael O’Leary said in a statement.
“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,” he said.
Ryanair flew a record 200 million passengers over the 12 months after trimming an earlier 205 million target due to delivery delays from Boeing. It expects to fly 206 million passengers in the year to March 31, 2026.
Shares in the airline, Europe’s largest by passenger numbers, closed on Friday at 22.41 euros, up from a 12-month low of 13.41 euros hit in July last year after the airline reported a 15% fall in average fares in the first quarter.
O’Leary could be in line for a bonus of close to 100 million euros if the share price remains above 21 euros for 28 days. It has been over that level since May 2.
($1 = 0.8943 euros)
(Writing by Conor Humphries; Editing by Mrigank Dhaniwala)
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