While Ryanair continues to see strong traffic growth and maintains a solid balance sheet, significant challenges such as declining profits, pricing resistance, aircraft delivery delays, and ATC disruptions are affecting its performance. The legal victory against Booking.com is notable, but overall, the company is facing a difficult environment with cost pressures and a weakened consumer demand.

Company Guidance

In the Q1 FY 2025 earnings call, Ryanair Holdings provided guidance indicating some challenges and adjustments in their outlook. The company reported a Q1 profit of EUR 360 million, which is a decrease of 46% from the previous year's EUR 663 million. Despite a 10% increase in traffic to 55.5 million customers, the company faces weaker-than-expected airfares, partly due to the timing shift of Easter. Ryanair is actively managing costs, with 75% fuel hedged for FY '25 at around $79 a barrel, expected to save over EUR 450 million. The company also completed over half of a EUR 700 million share buyback. However, they are dealing with aircraft delivery delays from Boeing, which could impact growth plans. The company expects FY '25 traffic to grow by 8%, reaching 198 to 200 million passengers, and highlights the ongoing European ATC disruptions as a significant operational challenge. While Ryanair maintains a strong balance sheet with EUR 4.5 billion in gross cash, it anticipates continued fare stimulation and pricing challenges into Q2, potentially affecting full-year profitability.

Continued Traffic Growth

Traffic grew by 10% in Q1, reaching 55.5 million customers, and FY '25 traffic is expected to grow between 198 million to 200 million passengers.

Strong Balance Sheet and Shareholder Returns

Ryanair ended the quarter with EUR 4.5 billion in gross cash and has completed over half of its EUR 700 million share buyback.

Environmental Commitment

Ryanair is making strides in reducing emissions with new Boeing game changer aircraft and a wing retrofit program on NGs, targeting a reduction in fuel burn and noise.

Fuel Hedging Strategy

Ryanair extended its fuel hedges at attractive prices, saving over EUR 450 million for FY '25, and is 45% hedged for FY '26 at about $78 a barrel.

Booking.com Legal Victory

Ryanair won a significant case against Booking.com, which had been found in breach of the U.S. Computer Fraud and Abuse Act, marking a victory against illegal screen scraping practices.

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Ryanair (RYAAY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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RYAAY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 23, 2018	2019 (Q1)	- / 1.85	2.262	-18.13% (-0.41)	―	―
Oct 22, 2018	2019 (Q2)	- / 5.02	5.188	-3.30% (-0.17)	―	―
Feb 04, 2019	2019 (Q3)	- / -0.40	0.66	-160.30% (-1.06)	―	―
May 20, 2019	2019 (Q4)	- / -1.01	0.324	-410.49% (-1.33)	―	―
Jul 29, 2019	2020 (Q1)	- / 1.43	1.852	-22.95% (-0.43)	―	―
Nov 04, 2019	2020 (Q2)	- / 5.43	5.017	8.15% (+0.41)	―	―
Feb 03, 2020	2020 (Q3)	- / 0.52	-0.398	230.65% (+0.92)	―	―
May 18, 2020	2020 (Q4)	- / -3.28	-1.006	-226.44% (-2.28)	―	―
Jul 27, 2020	2021 (Q1)	- / -1.20	1.427	-183.88% (-2.62)	―	―
Nov 02, 2020	2021 (Q2)	- / -0.48	1.809	-126.42% (-2.29)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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RYAAY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 04, 2024	$45.54	$44.06	-3.25%
Jul 22, 2024	$45.33	$38.34	-15.42%
May 20, 2024	$49.80	$48.64	-2.33%
Jan 29, 2024	$51.59	$52.95	+2.64%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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