Ryanair annual profits fall 16% to €1.6bn despite flying record 200m passengers

Fares declined 7% over the period but chief executive Michael O'Leary said 2025 summer travel demand 'robust'

Ryanair chief executive Michael O'Leary reported a 16% fall in its annual profit on Monday due to weaker average fare. Picture: Press Association

Ryanair reported a 16% fall in its annual profit on Monday due to weaker average fares, but Europe's largest low-cost carrier said that demand for the coming summer was strong and that fares were modestly higher.

After-tax profit for Ryanair’s financial year, which ends on March 31, was €1.6bn, as softer consumer demand and a dispute with online travel agents drove fares down by 7%. Chief financial officer Niall Sorohan said the airline expected to recover "most" of the 7% drop, "Just not all of it. So, I think that that's a fairly good turnaround."