Ryanair Holdings Plc net income in the first quarter more than doubled, and the budget airline said it will recover most of the fare drop suffered last year to achieve “reasonable” profit growth in fiscal 2026.

Ryanair reported on Monday a sharp rise in net profit for its fiscal first quarter, driven by stronger fares and increased passenger traffic. For the three months ended June 30, the Irish lost-cost airline posted net income of €819 million ($953 million),