Ryanair Holdings plc (RYA) Earnings Call Transcripts

Ryanair Holdings plc's Latest Earnings Call - May 18, 2026

In the fiscal year 2026 earnings call, Ryanair Holdings plc reported a record profit of EUR 2.26 billion, a 40% increase from EUR 1.6 billion in the previous year. The company achieved a traffic growth of 4%, reaching 208.4 million passengers, despite challenges such as aircraft delivery delays. Management maintained a cautious outlook for FY 2027, projecting a similar 4% growth in traffic, while highlighting their strong hedging strategy for jet fuel at $67 per barrel, which is expected to mitigate volatility in fuel costs. The company also announced a final dividend of EUR 0.195 per share, reflecting confidence in its financial position.

Reported metrics

Guidance from management

Management expects FY 2027 traffic to grow by 4% to 216 million passengers, but cautioned about potential unit cost increases due to rising fuel prices and taxes. They maintained that it is too early to provide meaningful profit guidance for the year ahead.

What management said

Okay. Thank you, Neil. And with that, we'll ask the moderator to open up for Q&A, please. And we're going to limit everybody obviously to 2 questions as normal. So we get through this in about an hour.

Okay. I think that's an opportunity. Neil take the next couple of years. And then I might ask Eddie Wilson, the [indiscernible] to comment on the airport charges. Maybe Eddie and Jason making its airport charges and our short disclosures for the next 2 or 3 years.

What analysts pressed on

Analysts expressed concerns about the impact of rising fuel prices on unit costs and the potential for reduced visibility in bookings due to geopolitical tensions. There were also questions regarding the sustainability of pricing in the face of economic uncertainty and competition.

Main topics on the call

• Record Profit and Traffic Growth — Ryanair reported a record profit of EUR 2.26 billion for FY 2026, up 40% from EUR 1.6 billion the previous year, with traffic growth of 4% to 208.4 million passengers. CEO Michael O'Leary stated, "we're delighted with th...
• Hedging Strategy — Management highlighted their conservative hedging strategy, with 80% of jet fuel hedged at $67 per barrel for the next 12 months. This strategy is expected to insulate earnings from volatile oil markets, with O'Leary not...
• Dividend Declaration — Ryanair declared a final dividend of EUR 0.195 per share, payable in September, subject to AGM approval. This reflects the company's strong cash position and commitment to returning value to shareholders.
• Outlook and Guidance — For FY 2027, Ryanair expects traffic to grow by 4% to 216 million passengers, but management cautioned about potential unit cost increases due to rising fuel prices and taxes. O'Leary stated, "it's far too early to provi...

Read the full Ryanair Holdings plc transcript (May 18, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 46 Ryanair Holdings plc earnings call transcripts on record, spanning February 3, 2020 to July 20, 2026. Based on this history, Ryanair Holdings plc reports quarterly. The most recent call on file is dated July 20, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

RYA

Exchange

ISE

Country

IE

Sector

Industrials

Industry

Passenger Airlines

Calls on record

46

First call

February 3, 2020

Most recent

July 20, 2026

Reporting cadence

quarterly