Ryanair FY26 Results: Record €2.26BN Profit, 40% Growth Despite Boeing Delays

Ryanair Holdings plc reported record full-year results for FY26 ending March 2026, with pre-exceptional profit after tax rising 40% to €2.26 billion from €1.61 billion in FY25. The airline carried 208.4 million passengers, a 4% increase despite Boeing delivery delays affecting 29 B-8200 aircraft. Total revenue grew 11% to €15.54 billion, driven by a 14% increase in scheduled revenue to €10.56 billion and 6% ancillary revenue growth to €4.99 billion. Operating costs rose 6% to €13.09 billion pre-exceptional. The results include an €85 million exceptional charge provision for an Italian AGCM fine that Ryanair is appealing. The company maintains a strong balance sheet with €3.6 billion gross cash and expects to become effectively debt-free after repaying its final €1.2 billion bond. Ryanair has 80% of its FY27 jet fuel hedged at $668 per metric tonne and expects FY27 traffic to grow 4% to 216 million passengers, though it cites uncertainty from Middle East conflict impacts on fuel prices and supply.