RYANAIR HOLDINGS (RYAAY) Company Report

Analyst Coverage

Research analysts who have asked questions during RYANAIR HOLDINGS earnings calls.

Alexander Irving

AllianceBernstein

2 questions for RYAAY

Also covers: AFLYY, DLAKY, SABR

Dudley Shanley

Goodbody

2 questions for RYAAY

Jaime Rowbotham

Morgan Stanley

2 questions for RYAAY

Also covers: AFLYY, DLAKY

James Hollins

BNP Paribas

2 questions for RYAAY

Also covers: AFLYY, DLAKY

Savanthi Syth

Raymond James

2 questions for RYAAY

Also covers: AAL, ACHR, ALGT +15 more

Alexander Paterson

Peel Hunt LLP

1 question for RYAAY

Also covers: ROYMY

Duane Pfennigwerth

Evercore ISI

1 question for RYAAY

Also covers: AAL, ALGT, ALK +18 more

Gerald Khoo

Liberum

1 question for RYAAY

Also covers: ROYMY

Harry Gowers

JPMorgan Chase & Co.

1 question for RYAAY

Also covers: AFLYY, DLAKY

Jarrod Castle

UBS Group AG

1 question for RYAAY

Also covers: AFLYY, DLAKY, IHG

Johannes Braun

Stifel Financial Corp.

1 question for RYAAY

Also covers: AFLYY, DLAKY

Muneeba Kayani

Bank of America

1 question for RYAAY

Also covers: AFLYY, AMKBY, DLAKY +2 more

Neil Glynn

AIR Control Tower

1 question for RYAAY

Sathish Sivakumar

Citigroup Inc.

1 question for RYAAY

Also covers: AFLYY, AMKBY, DLAKY +2 more

Stephen Furlong

Davy Group

1 question for RYAAY

Also covers: AFLYY, DLAKY

Latest news

Recent press releases and 8-K filings for RYAAY.

Ryanair Faces Antitrust Ruling for Market Deception and Anti-Competitive Practices

RYAAY

Legal Proceedings

Financial Restatement

The Italian Competition Authority (AGCM) has issued a ruling against Ryanair Holdings Plc for a "very serious" abuse of dominant market position.
The ruling found evidence that Ryanair leadership knowingly misled financial markets and its Board in late 2023 and early 2024, falsely blaming a "fictitious external boycott" by online travel agents (OTAs) for a sales drop that was caused by its own internal blockade program, 'Shield'.
This behavior raises serious questions regarding Ryanair's compliance with EU Market Abuse Regulation (MAR) and US securities laws.
The ruling also details a multi-stage "exclusionary strategy" by Ryanair to dismantle competition from independent travel agencies.
eDreams ODIGEO is calling for urgent regulatory intervention and a comprehensive EU-wide investigation into Ryanair's alleged "systemic illegality" and "culture of non-compliance".

16 hours ago

Press Release

Ryanair to Appeal €256M AGCM Fine and Ruling

RYAAY

Legal Proceedings

Ryanair Holdings PLC announced on December 23, 2025, its intention to immediately appeal a €256 million fine and ruling by the Italian Competition Authority (AGCM).
The company views the AGCM ruling as legally flawed, asserting it contradicts a January 2024 Milan Court Ruling that affirmed Ryanair's direct distribution model "undoubtedly benefits consumers".
Ryanair's CEO, Michael O'Leary, stated that the AGCM ruling is an "affront to the Precedent Milan Court Ruling" and undermines consumer protection and competition law.
Ryanair disputes the AGCM's market definition, noting its share of the Italian market is just over 30%, not dominant.

20 hours ago

6-K

Ryanair Holdings Fined for Antitrust Abuse in Italy

RYAAY

Legal Proceedings

Italy's Competition and Market Authority has fined Ryanair DAC and parent Ryanair Holdings approximately €255.8 million (€255,761,692) for abusing a dominant market position in Italy.
The abuse, occurring from April 2023 through at least April 2025, involved a strategy to block or discourage travel agencies from combining Ryanair tickets with other services, which the regulator stated reduced consumer choice and harmed competition.
Ryanair, which held a 38–40% market share in Italy, has denied wrongdoing, arguing its direct-sales approach ensures transparency and lower prices.

1 day ago

Bloomberg

Ryanair Holdings Plc: Parvus Asset Management Jersey Limited Reduces Stake Below 3%

RYAAY

Parvus Asset Management Jersey Limited has notified Ryanair Holdings Plc of a change in its major holdings, specifically an acquisition or disposal of financial instruments.
As of December 2, 2025, Parvus Asset Management Jersey Limited's total voting rights in Ryanair Holdings Plc, primarily through financial instruments (equity swaps), fell below the 3% threshold.
The resulting total position of voting rights for Parvus Asset Management Jersey Limited is 2.929% of the issuer's total voting rights of 1,051,242,505.

Dec 4, 2025, 1:49 PM

6-K

Ryanair Reports 6% Increase in November Traffic

RYAAY

Revenue Acceleration/Inflection

Ryanair's November 2025 traffic increased by 6% year-over-year to 13.8 million guests.
The load factor for November 2025 remained stable at 92%.
The company operated over 78,000 flights in November 2025.
Rolling annual guests for November 2025 grew 5% to 205.7 million.

Dec 2, 2025, 12:27 PM

6-K

Vienna Airport Abandons Third Runway Project

RYAAY

New Projects/Investments

Legal Proceedings

Vienna Airport has officially abandoned its long-planned project to build a third runway, concluding that the approximately €2 billion investment would not be economically viable due to sharply increased construction costs, a prolonged approval process, and lack of support from major airline customers such as Austrian Airlines and Ryanair.
The airport operator will write off planning-related assets worth €55.9 million due to the cancellation, though prior payments from 2018 to 2020 related to a mediation agreement, amounting to the same figure, will not be adjusted in the 2025 balance sheet.
Despite the cancellation, the airport emphasized that its current two-runway system can still support growth, aiming to handle up to 52 million passengers annually through terminal expansions and operational efficiencies.
Following the announcement, Vienna Airport's shares rose 4.5% to a five-month high, indicating a positive market reception.

Nov 25, 2025, 6:13 PM

Barron's

Ryanair Reports 5% Growth in October 2025 Traffic

RYAAY

Revenue Acceleration/Inflection

Ryanair's October 2025 traffic increased by 5% to 19.2 million guests compared to the previous year.
The load factor for October 2025 remained stable at 93%.
The airline operated over 107,000 flights in October 2025.
Rolling annual traffic for the 12 months ending October 2025 also grew by 5% to 204.8 million guests.

Nov 4, 2025, 11:56 AM

6-K

Ryanair Holdings plc Reports Strong Q2 and H1 FY26 Financial Results

RYAAY

Earnings

Guidance Update

Dividends

Ryanair Holdings plc reported a 20% increase in Q2 Profit After Tax (PAT) to €1.72 billion and a 42% increase in H1 PAT to €2.54 billion.
Total operating revenues for Q2 rose 8% to €5.48 billion, and H1 revenues increased 13% to €9.82 billion.
H1 traffic grew 3% to 119 million passengers, with average fares rising 13%.
An interim dividend of €0.193 per share was declared, payable in February 2026, and €188 million of shares were repurchased by September 30 as part of a €750 million share buyback.
The company updated its FY26 traffic outlook, expecting growth of more than 3% to 207 million passengers.

Nov 3, 2025, 2:32 PM

6-K

Ryanair Reports Strong Half-Year Profit and Raises Passenger Forecast

RYAAY

Earnings

Guidance Update

Dividends

Ryanair's after-tax profit rose by 42% to €2.54 billion for the first half of the financial year, driven by strong summer travel demand and early deliveries of Boeing MAX 8 aircraft.
The airline raised its full-year passenger forecast to 207 million, up from 206 million, due to robust demand and earlier-than-expected aircraft handovers.
In the second quarter, profit before tax increased by 18% to €1.96 billion, and earnings per share were up 25% to 1.6086 euros.
Ryanair's Board of Directors declared an interim dividend of 0.193 euro per share, payable in late February 2026.
CEO Michael O'Leary expects reasonable net profit growth for fiscal 2026, anticipating a recovery of last year's fare decline.

Nov 3, 2025, 6:08 AM

Bloomberg

Ryanair Announces Record Winter Schedule and Investment Plan for Jordan

RYAAY

New Projects/Investments

Product Launch

Ryanair announced a record Winter schedule for Amman, offering over 300,000 seats across 18 destinations and connecting Jordan to 12 EU countries.
The airline plans to restore full operations in Jordan by October 2025 with 84 weekly flights across 18 routes for the Winter 25/26 Season.
Ryanair unveiled an ambitious investment proposal for Jordan, aiming to increase annual traffic by 360% to 3 million seats and operate 50 direct connections from European cities.
This expansion is expected to strengthen Jordan's position as a leading tourism destination and drive economic growth.