The European low-cost carrier Ryanair continues to prove that economical methods can also be the most profitable.
The Irish company reported yesterday (July 21) a record profit of €820 million in the first quarter of the fiscal year 2026, a 128% increase compared to the same quarter last year (€360 million).
This impressive jump comes despite a modest 4% increase in passenger traffic (about 58 million), attributed to a 21% rise in ticket prices, strong demand during the Easter period, and a smart mix of ancillary revenues.
Company CEO Michael O’Leary responded and said: “We maximized our revenues while diligently controlling costs, thanks to an advanced fleet, hedged fuel contracts, and operational discipline.”
On the revenue side, Ryanair posted a 20% increase to €4.34 billion, with flight revenues soaring by 26% and ancillary revenues, such as preferred seating, food, and baggage, rising by 7%.
On the expenses side, there was a modest increase of only 5%, creating a growing gap compared to competitors. The company also notes a notable advantage in its fuel agreements: 85% of the expected consumption for the current fiscal year is hedged at just $76 per barrel.
Ryanair continues to maintain impressive financial stability: a cash balance of €4.4 billion, particularly low debt, and a debt-free fleet. The company has already started a share buyback and expects to join the FTSE Russell index later this year.
Meanwhile, it continues to expand its aircraft fleet. Currently, the fleet operates 181 “Gamechanger” Boeing 737-8200 models, saving on fuel and emissions. By 2034, the company expects to operate 300 MAX-10 models.
The company emphasizes a continuous investment in green technology, from installing advanced engines to reducing fuel consumption. Despite being Europe’s largest airline by passenger volume, Ryanair ranks only fourth on the emissions list, thanks to a modern fleet and a commitment to sustainability goals.
Despite delays in aircraft deliveries from Boeing, Ryanair is not abandoning its ambitious goal: to reach 300 million passengers annually by the end of the decade.
“The European market is crowded, but we remain focused, efficient, and innovative,” O’Leary concludes. “The future belongs to companies that offer rewarding, safe, and green experiences, and we are there.”
