Ryanair Holdings GAAP EPS of €1.61, revenue of €5.48B

* Ryanair Holdings press release [https://investor.ryanair.com/wp-content/uploads/2025/11/H1-FY26-Ryanair-Results.pdf] (RYAAY [https://seekingalpha.com/symbol/RYAAY]): Q2 GAAP EPS of €1.61.
* Revenue of €5.48B (+8.1% Y/Y).
* Scheduled revenues: Scheduled revenues increased 9% to €3.96B as traffic grew 2% (to 61.2M passengers) at 7% higher fares (to c.€65). Ancillary revenues: Ancillary revenue was solid, rising 5% to €1.52B as traffic grew 2% and spend per passenger rose 3%.
* OUTLOOK: FY26 traffic is now expected to grow by more than 3% to 207m passengers (previously 206m), due to earlier than expected Boeing deliveries and strong H1 demand. Unit costs performed well in H1 and, as previously guided, we expect only modest FY26 unit cost inflation as our B-8200 deliveries, fuel hedging and effective cost control across the Group helps offset increased ATC charges, higher enviro. costs and the roll-off of last years modest delivery delay compensation.
* "It remains too early to provide meaningful FY26 PAT guidance. We do, however, cautiously expect to recover all of last years 7% full-year fare decline, which should lead to reasonable net profit growth in FY26. The final FY26 outcome remains exposed to adverse external developments, incl. conflict escalation in Ukraine and the Mid. East, macro-economic shocks and any further impact of repeated European ATC strikes & mismanagement.”

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* Historical earnings data for Ryanair Holdings [https://seekingalpha.com/symbol/RYAAY/earnings]