Irish airline Ryanair announced on Monday a net profit of 1.4 billion euros for the second quarter of its offbeat financial year, down 6% on the same period last year, weighed down by lower-than-expected ticket prices. The “final result” for the current year “will depend on the absence of unfavorable developments”. over the remaining two quarters, such as the risk of conflicts in Ukraine and the Middle East, or further Boeing delivery delays, Ryanair CEO Michael O’Leary was quoted as saying in a statement.

These delays in deliveries by the American aircraft manufacturer had weighed on the Irish airline’s results and traffic last year. “While we continue to work with Boeing management to accelerate aircraft deliveries (…) the risk of further delivery delays remains high.”warns the CEO, who therefore believes that “reasonable to moderate” its traffic growth target “for fiscal 2026 to 210 million passengers, compared with 215 million previously”..

Ticket prices, which had fallen by 15% in the first quarter, already affecting results, fell by 7% in the second (from July to the end of September). Passenger traffic increased by 9%. “Upcoming bookings suggest that third-quarter demand is strong and that the price decline appears to be easing”commented Michael O’Leary. But “we remain cautious about the outlook for average fares”. for this quarter, “and we expect them to be slightly lower than those” for the same period last year, he added. Affirming that he had “virtually no visibility on the fourth quarter”.The CEO pointed out that this quarter will not include the Easter period, as last year, which will make comparison difficult. “difficult”.