Ryanair's unhedged jet fuel cost doubled, leaving profit per share missing expectations even as revenue topped estimates. Management refused to give FY27 profit guidance and flagged a roughly 2 billion euro jump in next year's fuel bill as cheap hedges roll off.
Ryanair
About Ryanair
Ryanair Holdings plc is the parent of a group of five airlines: Buzz, Lauda Europe, Malta Air, Ryanair DAC and Ryanair UK.
**Scale and fleet**
- Carries about 214m passengers a year on roughly 3,800 daily flights from 95 bases.
- Serves almost 220 airports in 34 countries.
- Operates an all-Boeing 737 fleet of 621 aircraft, plus 26 Airbus A320s at Lauda. This includes 210 fuel-efficient B737-8200 'Gamechangers'.
- Has ordered up to 300 Boeing 737 MAX-10s (150 firm, 150 options), with deliveries from 2027 to 2034. These support its target of 300m passengers a year by FY34.
**Revenue model**
- Scheduled fares account for about 70% of revenue.
- Ancillary revenue comes from priority boarding, reserved seats, bags, car hire, insurance, transfers, room reservations and inflight sales.
- Italy, Spain and the UK are its largest departure markets.
**Reporting segments**
- Ryanair DAC.
- 'Other Airlines', which aggregates Buzz, Malta Air and Lauda.
**Fuel and finance**
- Hedges about 80% of jet fuel 12 to 18 months ahead.
- Holds BBB+ credit ratings from S&P and Fitch.
- Returns capital through a dividend policy and recurring share buybacks. Updated
Frequently Asked Questions
What does Ryanair do?
Ryanair Holdings plc is the parent of a group of five airlines: Buzz, Lauda Europe, Malta Air, Ryanair DAC and Ryanair UK. **Scale and fleet** - Carries about 214m passengers a year on roughly 3,800 daily flights from 95 bases. - Serves almost 220 airports in 34 countries. - Operates an all-Boeing 737 fleet of 621…