A €1.2bn bond repayment in May 2026 will make Ryanair debt-free, Michael O’Leary has told the Ryanair AGM. Ryanair will repay an €800m bond next week.
The meeting was attended by 1,000 millionaires, as CEO Michael O’Leary pointed out in his robust style, with discussions focused on financial recovery amid a turbulent aviation landscape.
Full-year profits for the year ended 31 March 2025 dipped by 16pc to approximately €1.4bn due to elevated costs. Mr O’Leary attributed the fare softness to intensified competition and macroeconomic headwinds but expressed optimism that yields would stabilise, potentially lifting revenues to €14.5bn.
O’Leary projected a 10pc increase in passenger numbers for the fiscal year, aiming for 206 million despite fare pressures.
Major concerns included the 32m passenger cap at Dublin Airport, which O’Leary condemned as government-imposed stranglehold” stifling growth at Ryanair’s home base and vowed to challenge through judicial means.
O’Leary said he dismissed union demands for an 8.7pc cut in working hours as ridiculous.
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