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Back to the case: A low-cost airline in numbers: Ryanair, year to March 2026

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A low-cost airline in numbers: Ryanair, year to March 2026

The prompt

Here are real figures from Ryanair's full-year results for the year to 31 March 2026. Revenue was EUR 15,540 million. Operating costs before exceptional (one-off) items were EUR 13,090 million. It carried 208.4 million passengers. Work out revenue, cost and the gap per passenger, and the operating margin. What does a cost leader's gap depend on?

Your interviewer will share data as you ask for it. Ask clarifying questions, state a hypothesis, then lay out your structure out loud before you calculate.

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