According to the company’s report released today, Ryanair temporarily reduced its profit forecast due to an €85 million provision to cover a fine imposed by Italian authorities.

Excluding the aforementioned provision, Ryanair recorded a net profit of €115 million in the third fiscal quarter, corresponding to the months between October and December, 22% less than the previous year.

The chairman of the airline’s Board of Directors, Michael O’Leary, said in a statement that the Italian Competition Authority imposed a €256 million fine last December.

The fine was imposed because the Italian body found that Ryanair abused its dominant market position to prevent travel agencies from accessing its services. O’Leary described the penalty as “unfounded” and expressed confidence that it would be overturned by the appeals court.

The Irish airline also indicated a 6% increase in passenger traffic between October and December 2025, reaching 47.5 million passengers, while the average ticket price rose 4% to €44.

According to the document, revenue increased 9% to €3.21 billion, of which €1.11 billion corresponds to supplementary revenue, including onboard consumption and extras such as baggage fees.

O’Leary also stated that he expects to receive the last four Boeing 737-8200 aircraft from an order of 210 units by the end of February, which will contribute to increasing passenger traffic to 208 million in the fiscal year: a 4% increase.

The businessman specified that the fourth quarter (January to March) will not “benefit” from the Easter period, but predicted that ticket bookings will grow by about 7% by the end of the fiscal year, up from the previous estimate of 2%.

In this context, O’Leary predicted that Ryanair could achieve a profit between €2.13 billion and €2.23 billion during the current fiscal year.

The final result, he said, is exposed to “adverse external events” during the fourth quarter, such as the worsening conflicts in Ukraine and the Middle East, macroeconomic “shocks” and the “impact of air traffic controller strikes”.