Ryanair reported better than expected profits for the final three months of 2024 on Monday and Chief Executive Michael O'Leary said he was "cautiously optimistic" about fares for the coming summer on constrained capacity in Europe.

The low-cost carrier detailed that its target of 200 million annual passengers remains intact in FY25. However, Boeing’s delivery schedule also affected its future plans, already forcing Ryanair to adjust its FY26 passenger outlook from 210 million to 206 million.

The Irish carrier said it now expects to carry 206 million passengers in its 2025-26 financial year, down from the 210 million previously forecast.

Ryanair reported after-tax profit for the three months to the end of December ahead of analyst forecasts on Monday, but Europe's largest low-cost carrier again trimmed its forecast for passenger numbers on Boeing delivery delays. Francis Maguire reports. Real Madrid first club to generate 1 billion euros revenue in a season, Deloitte says

The budget airline reported an increase in earnings after passenger numbers and average fares rose in the third quarter of fiscal 2025, but Boeing delivery delays are expected to weigh on the company next year.

Budget airline Ryanair on Monday reported stronger-than-expected after-tax profit for the three months through to the end of December.

Ryanair reported after-tax profit for the three months to the end of December ahead of analyst forecasts on Monday, but Europe's largest low-cost carrier again trimmed its forecast for passenger numbers on Boeing delivery delays.