Ryanair Profit Drops, Plans Ticket Price Increases

Ryanair reported a 16% drop in annual profit to €1.61 billion for the fiscal year ending March 31, 2025, as average fares declined 7% despite a 9% rise in passenger numbers to a record 200 million. Total revenues increased by 4% to €13.95 billion, driven by growth across all 37 markets and a 10% rise in ancillary revenues. Profitability was pressured by higher staff costs, airport charges, and ongoing Boeing delivery delays, which also constrained capacity growth. For the upcoming year, Ryanair expects to raise ticket prices by a 'mid-to-high teen percent' for the summer and projects modest passenger growth to 206 million. CEO Michael O’Leary is set to receive a substantial bonus, and the company has approved a new €750 million share buyback. The airline anticipates recovering most of last year's fare decline, supporting reasonable profit growth in the next fiscal year.