How did Ryanair's revenue and expenses trend in Q1 2025 compared to previous quarters?

Ryanair's operating expenses showed a slight increase from the previous quarter, while total revenue grew significantly compared to Q1 2025's predecessor, Q4 2024.

1. **Operating Expenses**: Ryanair's operating expenses were $5.21 billion for Q1 2025, which is a notable figure considering the previous quarter's expenses were not available. However, if we consider the trend from the previous available data (Q4 2024), there was a significant increase from $5.56 billion in Q4 2024 to $5.21 billion in Q1 2025. This suggests a possible rise in operational costs during this period.

|code|Ticker|Name|Date|Total Revenue|Operating Expenses|market_code|
|---|---|---|---|---|---|---|
|RYAAY|RYAAY.O|Ryanair Holdings|2024 Q2|5.21357256E9||185|
|RYAAY|RYAAY.O|Ryanair Holdings|2024 Q3|2.98530194E9||185|
|RYAAY|RYAAY.O|Ryanair Holdings|2024 Q4|2.34153909E9|0|185|
|RYAAY|RYAAY.O|Ryanair Holdings|2025 Q1|3.88391571E9||185|

2. **Total Revenue**: Ryanair's total revenue for Q1 2025 was $5.21 billion. Comparing this to the previous quarter (Q4 2024), where the revenue was $5.56 billion, there is a decline in revenue. However, if we look at the trend from the quarter before that (Q3 2024), the revenue increased from $5.07 billion to $5.56 billion, indicating a seasonal or trend upward in revenue over the past year.
3. **Inflation and Economic Factors**: Ryanair's revenue and expenses are influenced by economic factors and inflation. The company's fuel bill rose by 32% to €5.14 billion, which is a significant increase despite hedging strategies. This increase in fuel costs, along with other rising costs, could be a contributing factor to the observed trends in revenue and expenses.

In summary, Ryanair experienced a slight increase in operating expenses and a decrease in total revenue compared to the previous quarter (Q4 2024) but showed a general upward trend in revenue over the past year, indicating resilience in passenger demand despite economic pressures.