Ryanair Q1 FY27 profit after tax drops 34% to EUR 538 million - RYAAY News | RalliesRyanair Q1 FY27 profit after tax drops 34% to EUR 538 million
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RYAAY• Q1 profit falls on higher fuel costs and lower fares
- Ryanair Q1 FY27 profit after tax fell 34% to EUR 538 million from a spike in unhedged jet-fuel costs and 6% lower fares.
- Revenue rose 1% to EUR 4.38 billion as passengers climbed 6% to 61 million, while load factor held at 94%.
- Operating costs increased 11% to EUR 3.81 billion, with fuel and oil up 16% to EUR 1.69 billion.
- FY27 jet fuel is 80% hedged at about USD 67/bbl; FY28 is 15% hedged at about USD 85/bbl.
- Management kept FY27 traffic growth target at 4% to 216 million passengers, while saying it is too early to give meaningful FY27 profit guidance.
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