Photograph: Dara Mac Dónaill / The Irish TimesA fine by Italian competition authorities dented profits at airline Ryanair Holdings in the three months to December 31st, figures show. Profit fell 80 per cent to €30 million in the three-month period from €149 million, after calculating for a €256 million fine by Italy’s competition regulator, which Ryanair believes will be overturned on appeal. Ryanair included around one third of the total Italian fine as an exceptional charge for the three-month period, the third quarter of its financial year, which ends in March 31st. Mr O’Leary said that a complaint from one agent, with 5 per cent of the market, resulted in the fine. The weekend’s surge in oil prices did not worry the airline, Mr O’Leary said following the publication of the results.

Source: The Irish Times January 26, 2026 14:12 UTC