Ryanair Holdings plc (NASDAQ:RYAAY)’s fiscal first-quarter profit fell 34% to €538 million from €820 million a year earlier. He gave no full-year profit guidance, calling second-quarter pricing “trending modestly down” YoY and noting zero visibility into the second half of the year. BULL CASERyanair Holdings plc (NASDAQ:RYAAY)’s own earnings call is the strongest source for the bull case. INSIDER MONKEY’S HEDGE FUND DATA ANALYSISInsider Monkey’s hedge fund database shows 29 funds held Ryanair Holdings plc (NASDAQ:RYAAY) at the end of Q1 2026, unchanged from the prior quarter. CONCLUSIONThe situation for Ryanair Holdings plc (NASDAQ:RYAAY) is all about timing.