Ryanair(US:RYAAY)2025-07-21 10:08Revenue Growth - Scheduled revenues increased 26% to €2.94BN, with traffic growing 4% to 57.9M passengers and fares rising 21% to approximately €51[27] - Ancillary revenues rose 7% to €1.39BN, with discretionary spend increasing 3% to over €24 per passenger[28] - Total revenue increased 20% to €4.34BN[29] - For the quarter ended June 30, 2025, total revenue increased to €4,337.6 million, up from €3,626.1 million in the same quarter of 2024, representing a growth of 19.6%[79] - Scheduled revenues for Ryanair DAC reached €2,903.9 million, while ancillary revenues amounted to €1,393.8 million, contributing significantly to the overall revenue growth[75] Operating Expenses - Operating expenses for fuel and oil increased 2% to €1.46BN, despite favorable hedging and lower fuel burn[30] - Airport and handling charges rose 6% to €495M, driven by traffic growth and increased costs[31] - Staff costs increased 3% to €462M, influenced by pay increases and additional aircraft in the fleet[32] Profitability - Net profit for the quarter was €0.82BN, with gross cash at €4.4BN and net cash at €2.1BN[38][56] - The reportable segment profit after income tax for the Group was €819.9 million, compared to €360.0 million in the previous year, indicating a substantial increase of 128.5%[76] Shareholder Equity and Financial Position - Shareholders' equity increased by €0.4BN to €7.4BN, supported by net profit and offset by a decrease in derivatives[39] - The Group's total segment assets were reported at €18,077.0 million, while total segment liabilities stood at €10,675.2 million as of June 30, 2025[76] Fleet and Capital Expenditure - The Group's operating fleet consisted of 592 Boeing 737 and 26 Airbus A320 aircraft as of June 30, 2025, with plans to take delivery of additional aircraft before Summer 2026[72] - A new order for up to 300 Boeing 737-MAX-10 aircraft was placed in May 2023, with deliveries scheduled between 2027 and 2033, reflecting the Group's commitment to fleet expansion[72] - The Group's capital expenditure for the quarter was €415.8 million, primarily driven by aircraft deliveries and capitalized maintenance[76] Financial Risk Management - The Group's financial risk management policies remain unchanged, with exposures primarily related to commodity price, foreign exchange, and interest rate risks[84] Share Buyback Program - A share buyback program of €750 million was approved in May 2025, with approximately 2.8 million ordinary shares repurchased at a total cost of €58 million during the quarter[91] Fuel Hedging - The Group's fuel hedging position covers approximately 84% of FY26 and 36% of FY27 jet fuel requirements[56] Tax Rate - The effective tax rate for the quarter was just under 12%, compared to approximately 10% in the previous year[70] Ancillary Revenue Importance - Ancillary revenues, which include non-flight scheduled operations and inflight sales, accounted for a significant portion of total revenues, highlighting the importance of these services in the Group's business model[79]