02:54 AM EDT, 05/19/2026 (MT Newswires) -- Deutsche Numis Research said Monday Ryanair's (RYA.IR) fiscal 2026 update would likely put "considerable downward pressure"on the consensus for the company's profit after tax for 2027, currently at 2.3 billion euros.

The Irish budget airline's profit after tax, before exceptional items, jumped 40% year over year to 2.26 billion euros in the 12 months ended March 31, 2026. Looking ahead, Ryanair said it is currently "far too early"to issue a "meaningful"profit guidance for fiscal 2027 amid second-half visibility concerns, and uncertainties regarding fuel price and supply.

"As usual, 'too early', for FY27 PAT guidance, however... traffic seen +4% yoy to 216m as before (DBe ~217m). Summer '26 demand seen as robust, but more closer-in bookings so visibility low,"the research firm said. "1Q fares expected down MSD due to Easter timing and hesitancy (DBe +2%). 2Q fares trends broadly flat, but outcome depends on peak summer (DBe +2%). FY27 unit costs could rise by a MSD% (DBe +2.1% - fuel +2.5%; ex-fuel +1.5%). FY27 fuel still 80% hedged at ~$670/mt."

The stock is rated buy, with a price target of 31.5 euros.