Europe's largest low-cost airline, Ryanair on Monday trimmed its passenger growth target for next year due to Boeing delivery delays, but said weakness in fares was moderating following a poor summer.

The budget airline reported a fall in first-half net profit, missing analysts forecasts, and said it expects to carry fewer passengers in fiscal 2026 than forecast due to delays in plane deliveries.

The aircraft maker's brutal year means the European budget carrier won't get new aircraft, curbing its forecasts.