Ryanair Holdings plc (NASDAQ:RYAAY) Q3 2025 Earnings Conference Call January 27, 2025 5:00 AM ET
Company Participants
Michael O’Leary - Group Chief Executive Officer
Neil Sorahan - Group Chief Financial Officer
Edward Wilson - Chief Executive Officer, Ryanair DAC
Tracey McCann - Chief Financial Officer, Ryanair DAC
Thomas Fowler - Director of Fuel and Sustainability
Juliusz Komorek - Group Chief Legal and Regulatory Officer; Company Secretary
Conference Call Participants
Stephen Furlong - Davy
James Hollins - BNP Paribas
Dudley Shanley - Goodbody
Jaime Rowbotham - Deutsche Bank
Jarrod Castle - UBS
Savanthi Syth - Raymond James
Muneeba Kayani - Bank of America
Alex Irving - Bernstein
Gerald Khoo - Panmure Liberum
Andrew Lobbenberg - Barclays
Johannes Braun - Stifel
Alex Paterson - Peel Hunt
Harry Gowers - JPMorgan
Operator
Good morning, and welcome to the Ryanair, Q3 Results Call. My name is Carla, and I will be your operator today. [Operator Instructions]
I will now hand you over to the Ryanair Group CEO, Michael O’Leary to begin. Michael, please go ahead when you're ready.
Michael O’Leary
Okay. Good morning, ladies and gentlemen. Welcome to the Ryanair Q3 Results Conference call. As you have seen this morning, we reported a Q3 profit after tax of EUR149 million due to traffic growth of 9% to 45 million passengers at marginally higher fares. We had stronger close in Christmas and New Year bookings at marginally better fares than we'd expected. I would, however, caution cumulatively for the nine months the profits of EUR1.94 billion are 12% below the prior nine months' profit after tax of EUR2.19 billion as airfares over the nine month period are 8% lower than they were in the prior year.
The Q3 highlights included traffic growth of 9% to 45 million, despite repeated and very frustrating Boeing aircraft delivery delays. Revenue per