Business Context and Reporting Period
This Form 6-K filing by Ryanair Holdings PLC covers the month of September 2025, specifically dated September 30, 2025. The report addresses a significant operational decision regarding the airline's services to Tel Aviv, Israel.
Key Financial Metrics and Operational Impact
The filing does not provide specific revenue, profit, cash flow, margin, debt, or liquidity figures for the period. However, it quantifies the operational impact of the decision to suspend flights:
- Lost Capacity: Approximately 1 million seats.
- Routes Affected: 22 low-fare routes.
- Cost Drivers: Disruption caused by forced relocation from low-cost Terminal 1 (T1) to high-cost Terminal 3 (T3), rendering previously sold low-fare seats loss-making.
Material Changes and Operational Disruptions
Ryanair announced it will not restart low-fare flights to/from Tel Aviv for the winter season. This decision follows repeated disruptions during the summer of 2025, where security concerns and airport decisions forced the closure of the low-cost T1 facility three times. The airline states that operating in the high-cost T3 facility without a guarantee of T1 availability makes the winter schedule unviable.
Outlook, Management Commentary, and Risks
Management Commentary: Ryanair expressed frustration with Ben Gurion Airport's refusal to confirm historic slots for Summer 2026 (S26) and the lack of assurance that T1 will remain open during future security issues. The airline emphasized that it will not accept higher T3 costs when T1 closures are for the airport's convenience.
Conditions for Restart: Ryanair will only resume the 22 winter routes if Ben Gurion Airport confirms:
- Historic slots for Summer 2026.
- Future availability of the low-cost T1 facility.
Risks and Contingencies: The primary risk is the continued loss of market share and revenue in the Tel Aviv market due to the impasse over terminal costs and slot confirmation. The airline notes that S26 schedules are already on sale, creating uncertainty for future planning.
Key Facts for Investor Verification
- Confirmation of the 1 million seat and 22 route suspension for the winter season.
- Ben Gurion Airport's official stance on S26 slot confirmation and T1 availability.
- Financial impact of the forced T3 operations during the summer of 2025 on the airline's overall profitability.
- Potential regulatory or legal actions regarding the low-cost terminal agreement.