The budget airline reported an increase in earnings after passenger numbers and average fares rose in the third quarter of fiscal 2025, but Boeing delivery delays are expected to weigh on the company next year.

Ryanair Holdings Plc lowered its passenger growth target for a second time in three months as Boeing Co. struggles to deliver aircraft following a debilitating strike by workers last year.

Ryanair reported after-tax profit for the three months to the end of December ahead of analyst forecasts on Monday, but Europe's largest low-cost carrier again trimmed its forecast for passenger numbers on Boeing delivery delays.

Irish carrier now expects to carry 206 million passengers in 2025-26 financial year, down from 210m previously forecast