Ryanair Holdings (DE:RY4C)
XETRA:RY4C
Earnings Data
Report Date
Jul 20, 2026Before Open (Confirmed)
Period Ending
2027 (Q1)Consensus EPS Forecast
0.62Last Year’s EPS
0.77Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strongly positive operational and financial position (record profit, record traffic, disciplined unit-cost control, robust hedging, debt elimination, and clear fleet/efficiency roadmap with Gamechanger and upcoming MAX-10 benefits). Those positives are tempered by near-term geopolitical risk (Middle East conflict), fuel price volatility (20% of fuel unhedged), rising EU environmental taxes (+EUR 300m), maintenance and front-loaded crew pay pressures, and limited visibility into H2 FY'27 that prevented profit guidance. On balance the company emphasized durable strengths (hedges, strong cash, BBB+ rating, debt-free target, buybacks/dividends, fleet modernization) and framed current risks as manageable and likely temporary, so the tone is constructive despite short-term uncertainty.Company Guidance
Record Profitability
Reported record FY'26 profit after tax of EUR 2.26 billion, a 40% increase versus prior year (EUR 1.6 billion).
Record Traffic
Annual passengers grew 4% to a record 208.4 million.
Strong Cost Discipline and Unit Costs
Group unit costs rose only 1% in FY'26 despite operating headwinds, demonstrating tight cost control.
Robust Fuel & FX Hedging
80% of jet fuel for the next 12 months hedged at about $67/barrel (c. $668/metric tonne); significant euro-dollar hedges in place (30% of H1 FY'28 at $1.20 and 60% of 150 firm orders hedged at ~€1.23).
Strengthening Fleet and Future Efficiency (Gamechanger & MAX-10)
Fleet of 647 aircraft at year-end including 210 'Gamechanger' aircraft; took delivery of last 29 Gamechangers. Boeing expects MAX-10 certification end Q3/early Q4 2026 with Ryanair's first 15 MAX-10 deliveries in spring 2027; MAX-10s projected to offer ~20% more seats and burn ~20% less fuel.
Balance Sheet & Debt Elimination
Gross cash EUR 3.6 billion and net cash EUR 2.1 billion after FY'26 spend (CapEx EUR 1.9 billion, debt repayments EUR 1.2 billion, shareholder distributions >EUR 900 million). Final EUR 1.2 billion bond repayment planned next week, effectively rendering the group debt-free; credit rating BBB+ (Fitch & S&P).
Shareholder Returns and Capital Management
Declared final dividend EUR 0.195 per share (subject to AGM). Continued buyback activity: ~EUR 600 million executed of the EUR 750 million program (~80% complete). Purchased & cancelled another 2% of issued share capital during FY'26; 38% retired since 2008.
Targeted Network Growth & Reallocation
Summer S26: 130 new routes and 3 new bases (Rabat, Tirana, Trapani). FY'27 capacity allocated to lower-tax/incentivized markets (Sweden, Slovakia, Albania, regional Italy) while withdrawing from higher-tax markets (Austria, Belgium, Germany, regional Spain). FY'27 traffic guidance ~216 million (+4%).
Engine Maintenance & In-housing Opportunity
Plans to bring engine shop activity in-house for LEAP engines; expected material cost advantage versus third-party arrangements (management cited potential ~2x cost versus 4–5x if renegotiated externally), improving operational turnaround and spare-engine needs.
Ancillary Revenue Trend
Ancillary revenue grew ~2% for the full year; small Q4 dip (~1%) but management expects ancillaries to be broadly +1–2% for FY'27.
DE:RY4C Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:RY4C Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 18, 2026 | €22.45 | €23.30 | +3.79% |
Jan 26, 2026 | €28.54 | €28.41 | -0.46% |
Nov 03, 2025 | €26.19 | €26.81 | +2.39% |
Jul 21, 2025 | €22.90 | €24.00 | +4.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ryanair Holdings (DE:RY4C) report earnings?
Ryanair Holdings (DE:RY4C) is schdueled to report earning on Jul 20, 2026, Before Open (Confirmed).
What is Ryanair Holdings (DE:RY4C) earnings time?
Ryanair Holdings (DE:RY4C) earnings time is at Jul 20, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is the P/E ratio of Ryanair Holdings stock?
The P/E ratio of Ryanair Holdings is N/A.
What is DE:RY4C EPS forecast?
DE:RY4C EPS forecast for the fiscal quarter 2027 (Q1) is 0.62.