Strong Traffic and Revenue Growth
Traffic is expected to grow from 206 million to 207 million, a 3.5% increase. Fares in Q2 were up 7%, recovering from last year's decline, with Q2 profits up 20% to EUR 1.72 billion.
Fuel Cost Savings
Ryanair is 80% hedged for FY '27 at under $67 a barrel, which will save about EUR 600 million next year. This is a significant reduction from $76 a barrel this year.
Debt-Free by 2026
Ryanair will be entirely debt-free by May 2026 after paying back the EUR 850 million bond in September and planning to pay the final EUR 1.2 billion bond in May.
Fleet Expansion and Efficiency
Ryanair will have all 210 Gamechangers in the fleet by March next year, with plans to grow traffic to 215-216 million passengers in FY '27. The new MAX 10 aircraft will carry 20% more passengers and burn 20% less fuel per flight.
Strong Balance Sheet
Ryanair has a BBB+ rating with 610 unencumbered aircraft, positioning it strongly for future growth without debt.
Ancillary Revenue Growth
Ancillary revenue growth was strong, driven by dynamic pricing on seats and bags, and better onboard spend.