Ryanair Holdings plc (NASDAQ:RYAAY) stock fell Monday after the airline reported fiscal 2027 first-quarter results and lowered its near-term pricing outlook.

Passenger volumes grew, but lower ticket prices and higher fuel costs reduced earnings.

Management warned that early booking discounts will further impact second-quarter fares.

Profit after tax dropped 34% to 537.7 million euros.

Ryanair reported earnings of $1.19 per share, below the $1.35 analyst estimate.