Ryanair reported a third-quarter profit after tax of €115 million, pre-exceptional, driven by a 6% rise in passenger traffic to 47.5 million and a 4% increase in average fares. Revenue per passenger climbed 3%, while stringent cost controls kept unit costs flat. The airline’s fleet now comprises 643 Gamechanger-equipped aircraft, with four more due for delivery in February, underpinning network expansion plans for summer 2026.

The company has booked an €85 million exceptional charge, representing a 33% provision against an AGCM fine issued on Christmas Eve for alleged unfair practices. Ryanair’s management and its Italian legal advisors maintain the penalty is baseless and expect it to be overturned on appeal, preserving full recovery of the provisioned amount in future periods.

Following stronger-than-expected bookings for early 2026, Ryanair raised its full-year fare growth forecast after average fares jumped 4% in the third quarter. With fuel costs 80% hedged at $67 per barrel for FY2027, the carrier anticipates a 10% reduction in fuel expense and now expects annual after-tax profit to increase by one-third compared with the prior year.

Management announced three new bases and 106 new routes for summer 2026, all now on sale, reflecting accelerated Boeing deliveries. The completion of the current delivery schedule will enhance capacity by an additional 4%, supporting continued unit revenue growth and reinforcing Ryanair’s position in the low-cost market segment.