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Ryanair Holdings PLC on Monday lifted its annual traffic growth view after ‘strong’ demand in the first half, but it cautioned that comparisons get trickier as the year progresses. The budget carrier added that it is ‘too early provide meaningful’ profit guidance but it does expect to ‘recover all of last year’s 7% full-year fare decline’. Dublin-based Ryanair said pretax profit in the first half ended September 30 increased 40% to €2.89 billion from €2.07 billion. Revenue rose 13% to €9.82 billion from €8.69 billion. Net profit increased 42% to €2.54 billion from €1.79 billion. ‘Fares benefitted from having the full Easter holiday in Q1 (with weak prior-year comps) and we achieved a full recovery of the 7% fare decline we suffered in last years Q2. Ancillary revenue was solid,’ Chief Executive Officer Michael O’Leary commented. Ryanair expects full-year traffic to increase by more than 3% to 207 million passengers, up from a previous forecast of 206 million. This is due to ‘earlier than expected Boeing deliveries and strong H1 demand’. The firm said third quarter booking are slightly ahead of the year prior, ‘particularly across the October mid-term and Christmas peaks’. However, it noted ‘more challenging’ comparatives in the second half are looming. ‘As is normal at this time of year, we have zero Q4 visibility and there is no Easter benefit in this year’s Q4,’ it added. Ryanair said it is too soon to provide firm profit guidance but since it expects to recover all of the 7% fare decline from the prior year, this should lead to ‘reasonable net profit growth’. Net profit in financial 2025 amounted to €1.61 billion. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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