Ryanair Q3 Earnings Miss Estimates Despite Revenue Growth and Raised Traffic Outlook
Ryanair's third-quarter earnings fell short of analyst expectations, posting $0.03 per share against a projected $0.10. The miss comes despite an 8.4% year-over-year revenue increase to $3.21 billion, surpassing forecasts by $30 million.
Passenger traffic grew 6% to 47.5 million, with average fares rising 4%. The airline raised its FY26 passenger guidance to 208 million, anticipating fares to exceed previous projections by 1-2%. Full-year profit forecasts remain unchanged at €2.13-2.23 billion.
Strong holiday bookings and cost containment measures helped offset a €85 million provision for an Italian fine dispute. The results highlight the divergence between Ryanair's operational growth and its bottom-line performance in a competitive aviation market.
