Photo: Shutterstock The European low-cost airline Ryanair continues to prove that sometimes the economical way is also the most profitable.
The Irish company reported yesterday (July 21) a record profit of 820 million euros in the first quarter of fiscal year 2026, an increase of 128% compared to the corresponding quarter last year (360 million euros).
The impressive surge comes despite a modest 4% increase in passenger traffic (approximately 58 million), attributed to a 21% rise in ticket prices, particularly strong demand during the Easter period, and a smart mix of ancillary revenues.
The company's CEO, Michael O'Leary commented, "We have managed to maximize revenues while maintaining strict cost control, thanks to an advanced aircraft fleet, hedged fuel contracts, and operational discipline."
On the revenue side, Ryanair recorded a 20% increase to 4.34 billion euros, with flight revenues surging by 26%, and ancillary revenues such as preferred seating, food, and baggage increased by 7%.
On the expense side, there was a moderate increase of only 5%, creating a growing gap with competitors. The company also notes a significant advantage in its fuel agreements: 85% of the expected consumption for the current fiscal year is already hedged at just $76 per barrel.
Ryanair continues to maintain impressive financial stability: a cash balance of 4.4 billion euros, particularly low debt, and an unencumbered fleet. The company has already begun share buybacks 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 aircraft, saving on fuel and emissions. By 2034, the company expects to operate 300 MAX-10 model aircraft.
The company emphasizes continuous investment in green technology, from installing advanced engines to reducing fuel consumption. Despite being the largest airline in Europe by passenger volume, Ryanair ranks only fourth on the emission list, thanks to a modern fleet and commitment to sustainability goals.
Despite delays in aircraft deliveries from Boeing, Ryanair does not abandon 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," concludes O'Leary. "The future belongs to companies that manage to offer an affordable, safe, and green experience, and we are there."