Ryanair Holdings plc (NASDAQ:RYAAY) shares rose after the company reported second-quarter earnings per share of $3.76, beating analyst expectations of $3.62, while revenue of $6.41 billion missed estimates of $6.42 billion.

Second-quarter net profit rose 20% to 1.72 billion euros (~$2.02 billion) from 1.43 billion euros a year earlier.

For the first half of fiscal 2026, profit increased 42% to 2.54 billion euros, as traffic rose 3% to 119 million passengers and average fares climbed 13% amid strong Easter travel and fare recovery.

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First-half revenue rose 13% to 9.82 billion euros. Scheduled revenue grew 16% to 6.91 billion euros, while ancillary revenue increased 6% to 2.91 billion euros.

Operating costs rose 4% to 6.96 billion euros (+1% per passenger), as higher air traffic control and environmental expenses were partly offset by favorable fuel hedges.

Ryanair said that about 85% of its second-half fiscal 2026 fuel needs are hedged at $76 per ...