Ryanair Holdings PLC
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.K | LOCK|<f | LOCK|v><<xkf |
Ryanair Earnings: Resilient Execution Despite Profit Decline
Ryanair reported a 16% year-on-year decline in profit after tax to EUR 1.61 billion for the year ending March 2025, despite a 4% rise in revenue to EUR 13.95 billion and a 9% increase in passenger traffic to a record 200 million. The drop in profitability was driven by a 7% fall in average fares (EUR 46), reflecting weaker consumer sentiment, soft close-in bookings during the summer peak, and temporary removal from online travel agencies. Ancillary revenue grew 10%, offsetting some of the fare pressure, while cost per passenger was held flat despite inflationary headwinds from staff, airport fees, and Boeing delivery disruptions.
