Ryanair Reports 15% Profit Decline Amid Lower Summer Fares and Announces €800M Share Buyback
Ryanair Holdings plc (RYAAY) reported a 15% decrease in half-year profits, falling to €2.15 billion. While passenger traffic saw a 6% increase during the period, average fares declined by 4% during the peak summer season, a trend attributed to shifting market pricing and fuel-related adjustments. Despite the dip in profitability, the airline maintains an optimistic long-term outlook, projecting 214 million passengers for fiscal year 2027. To support shareholder value, Ryanair has announced plans to launch an €800 million share buyback program beginning in February 2027.
Tickers: $RYAAY
Topics: airfares earnings report passenger traffic profit decline