Ryanair , Europe's largest low-cost carrier, posted an after-tax profit for the three-month period ended Dec. 31 that beat analysts' forecasts on Monday, but revised down its passenger outlook on delays in Boeing aircraft delivery.

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.

RYAAY stock up after reporting Q3 results with 10% revenue growth, strong balance sheet, and fleet expansion plans for 2025.

Ryanair said it expects to take delivery of nine Boeing 737 MAX aircraft ahead of its peak summer season, fewer than expected, and as a result will cut its forecast for passenger numbers in the 12 months to March 31, 2026, to 206 million from 210 million.

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

Europe's largest low-cost airline anticipates attracting 206m customers in the 2026 financial year, equivalent to 3% annual growth.

Ryanair (LON:0RYA) has revised its fiscal 2026 passenger growth target to 206 million, down from the original 210 million, due to delays in Boeing (NYSE:BA) aircraft deliveries. The reduction reflects a modest