Ryanair's quarterly profits have more than doubled following the Irish carrier's benefit from elevated airfares and a later Easter period.
After-tax profits surged by 128 per cent to €820m (£710m) during the three months ending in June, accompanied by a 21 per cent rise in ticket prices, as reported by .
Revenues climbed by a fifth to €4.34bn as the budget airline recorded a four per cent uptick in passenger volumes to 57.9m, achieving a load factor of 94 per cent.
READ MORE: {}
Chief executive Michael O'Leary noted that quarterly airfares had "substantially benefitted" from enjoying a complete Easter break in April, coupled with a weaker comparison from the previous year.
The carrier had predicted summer fare increases in May following a year where reduced prices triggered a 16 per cent decline in profits.
O'Leary stated it remained premature to offer meaningful annual profit projections given highly unpredictable external circumstances, including conflicts in the Middle East and Ukraine, potential trade war risks and European air traffic control "mismanagement."
The airline recently urged European Commission president Ursula Von Der Leyen to resign after strike action by French air traffic controllers resulted in hundreds of flight cancellations.
Ryanair criticises Boeing delivery setbacks
On Monday, Ryanair attributed full-year passenger growth of merely three per cent to "heavily delayed" Boeing deliveries.
Most Read
The carrier received five new Boeing 737 Gamechangers during the quarter, expanding its total fleet to 618 aircraft. "This summer we will operate over 2,600 routes, including 160 new routes, and we're seeing strong summer travel demand across our network," O'Leary said.
"Our group airlines capacity constrained growth is being allocated to those regions and airports who are cutting aviation taxes and incentivising traffic growth, and we expect this trend to continue."
The airline also highlighted that competitive fuel hedging would offer a "key advantage" in the face of fluctuating oil markets, noting that for the financial year 2026, nearly 85 per cent is hedged at $76bbl.