EarningsQ1 2027 Earnings Report
MX:RYA1N Q1 2027 EPS Results
Actual EPS$10.56
Consensus EPS$12.32
Beat/MissMissed by -$1.75
One Year Ago EPS$15.80
MX:RYA1N Q1 2027 Revenue Results
Actual Revenue$90.45B
Expected Revenue$91.59B
Beat/MissMissed by -$1.13B
YoY Revenue Growth+1.07%
Earnings Announcement Details
QuarterQ1 2027
Date07/20/2026
TimeBefore Open
Conference CallMonday, July 20, 2026
MX:RYA1N Upcoming Earnings
Ryanair Holdings's next earnings date is estimated for November 9, 2026, based on past reporting schedules.
Q1 2027 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q1 2027 Earnings Slide Deck
No slide deck is available for this earnings event.
Q1 2027 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mix of clear balance‑sheet and strategic strengths (debt repayment, strong cash position, substantial hedges, fleet efficiency roadmap, widening unit cost advantage and ongoing buyback) alongside meaningful near‑term headwinds (34% Q1 profit decline, weaker fares and revenue per passenger, fuel price shocks, higher maintenance and crew costs, regulatory risks and an operational incident). Management frames the situation as a temporary cyclical/geo‑political weakness and emphasizes opportunity to widen unit cost gap and capture market share, but short‑term visibility and profit guidance remain constrained.Company Guidance
Traffic Growth
Q1 traffic grew 6% to 61.3 million passengers; FY2027 traffic guidance unchanged at +4% to ~216 million (H1 growth expected +6%, H2 +2%).
Strong balance sheet and capital return
Final EUR 1.2 billion bond repaid in full (May), group effectively debt-free; gross cash just over EUR 2.8 billion after EUR 1.3 billion of debt repayments and ~EUR 500 million CapEx; EUR 1.1 billion revolving credit facility largely undrawn; 90% through EUR 750 million share buyback (avg price EUR 26.35).
Fuel hedging provides insulation
FY2027 jet fuel 80% hedged at $67/bbl; opportunistically extended hedges into FY2028 with 15% hedged at ~$85/bbl — materially narrows exposure to volatile spot prices and widens Ryanair's cost advantage.
Fleet strategy and long-term efficiency upside
Boeing MAX 10 expected certified late summer 2026 with first deliveries protected for spring 2027; order for 300 MAX 10s (20% more seats / 20% less fuel) provides substantial future unit cost and capacity efficiency; 620 fully unencumbered 737s on balance sheet.
Network expansion and yield of airport negotiations
Operating three new bases (Rabat, Tirana, Trapani) and 130+ new routes this summer; actively reallocating scarce capacity toward lower‑cost/low‑tax airports and securing improved deals with airports concerned about competitor exits.
Unit cost leadership and ancillary performance
Reported low-single-digit unit cost inflation (unit cost ex‑fuel ~+2% in Q1); ancillary revenue roughly flat with traffic — ~EUR 24 per passenger reported for the quarter; management highlights widening unit cost gap vs competitors (competitors seeing high single to low double digit increases).
Clear funding and CAPEX plan
FY2027 CapEx guidance ~EUR 2.0 billion; FY2028 CapEx outlook ~EUR 2.7–3.0 billion to fund MAX 10 deliveries and engine shop investments; management priority: fund MAX 10 CapEx, dividends, complete buyback, rebuild gross cash towards ~EUR 4 billion.
MX:RYA1N 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