Right of use assets & lease liabilities (Tables)

12 Months Ended

Mar. 31, 2026

Right of use assets & lease liabilities

Schedule of right of use assets and lease liabilities


				Year ended March 31, 2026
Leases under IFRS 16 recognized in Consolidated Income Statement				Aircraft		Hangar & Buildings		Total
				€M		€M		€M
Interest on lease liabilities				7.0		—		7.0
Depreciation charge				61.9		—		61.9
Lease charge for the year				68.9		—		68.9

				At March 31, 2026
				Aircraft		Hangar & Buildings		Total
Balance at beginning of year				148.5		—		148.5
Depreciation charge for the year				(61.9)		—		(61.9)
Additions				22.2		39.3		61.5
Balance at end of year				108.8		39.3		148.1

				At March 31, 2026
Lease Liabilities				Aircraft		Hangar & Buildings		Total
Balance at beginning of year				149.1		—		149.1
Financing cash outflows from lease liabilities				(41.5)		—		(41.5)
Interest expense				7.0		—		7.0
Additions				—		39.3		39.3
Exchange movements				(9.0)		—		(9.0)
Balance at end of year				105.6		39.3		144.9

				At March 31, 2026
Lease Liabilities				Aircraft		Hangar & Buildings		Total
Current lease liability				36.6		3.2		39.8
Non-current lease liability				69.0		36.1		105.1
Total lease liabilities at end of year				105.6		39.3		144.9
A maturity analysis of our lease liabilities as at March 31, 2026 has been disclosed within Note 11.


Leases under IFRS 16 recognized in Consolidated Income Statement				Year ended March 31, 2025
				€M
Interest on lease liabilities				9.0
Depreciation charge				63.3
Lease charge for the year				72.3

Right of use-assets				At March 31, 2025
Balance at beginning of year				166.5
Depreciation charge for the year				(63.3)
Additions				22.8
Modification of leases*				22.5
Balance at end of year				148.5

Lease Liabilities				At March 31, 2025
Balance at beginning of year				164.6
Financing cash outflows from lease liabilities				(46.9)
Interest expense				9.0
Modification of leases*				22.5
Exchange movements				(0.1)
Balance at end of year				149.1

Lease Liabilities				At March 31, 2025
Current lease liability				37.7
Non-current lease liability				111.4
Total lease liabilities at end of year				149.1
* Relates to the extension of 3 Airbus A320 leases during FY25. A maturity analysis of our lease liabilities as at March 31, 2025 has been disclosed within Note 11.


Leases under IFRS 16 recognized in Consolidated Income Statement				Year ended March 31, 2024
				€M
Interest on lease liabilities				8.8
Depreciation charge				65.2
Lease charge for the year				74.0

Right of use-assets				At March 31, 2024
Balance at beginning of year				209.1
Depreciation charge for the year				(65.2)
Additions				22.6
Balance at end of year				166.5

Lease Liabilities				At March 31, 2024
Balance at beginning of year				206.3
Financing cash outflows from lease liabilities				(51.5)
Interest expense				8.8
Exchange movements				1.0
Balance at end of year				164.6

Lease Liabilities				At March 31, 2024
Current lease liability				39.4
Non-current lease liability				125.2
Total lease liabilities at end of year				164.6
A maturity analysis of our lease liabilities as at March 31, 2024 has been disclosed within Note 11.