Ryanair Holdings PLC

RYA: XDUB (IRL)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Ryanair Earnings: Profit Miss and Weaker Fare Outlook Drive 4.2% Fair Value Estimate Cut

Loredana Muharremi

Jul 20, 2026

Ryanair’s fiscal first-quarter profit fell 34% to EUR 538 million, 7% below company-compiled consensus, despite 6% traffic growth, as fares fell 6% and unit costs rose 5%. Operating profit declined 37%. Management cut its second-quarter fare outlook from flat to a low- to mid-single-digit decline.

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Ryanair Holdings PLC

Ryanair Earnings: Profit Miss and Weaker Fare Outlook Drive 4.2% Fair Value Estimate Cut

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