13. Provisions | | | | | | | | | | | | | At March 31, | | | | | 2026 | | 2025 | | 2024 | | | | | €M | | €M | | €M | Provision for aircraft maintenance on leased aircraft (a) | | | | 201.6 | | 194.6 | | 184.1 | Provision for pension obligation (b) | | | | — | | — | | — | | | | | 201.6 | | 194.6 | | 184.1 |
| | | | | | | | | | | | | | | | | | | | | | At March 31, | | | | | 2026 | | 2025 | | 2024 | (a) Provision for aircraft maintenance on leased aircraft | | | | €M | | €M | | €M | At beginning of year | | | | 194.6 | | 184.1 | | 169.8 | Increase in provision during the year | | | | 7.0 | | 18.5 | | 27.5 | Utilization of provision upon the hand-back of aircraft | | | | — | | (8.0) | | (13.2) | At end of year | | | | 201.6 | | 194.6 | | 184.1 |
During FY26, the Company returned no Airbus A320 aircraft held under lease to the lessor (FY25: 1; FY24: 2). The expected timing of the outflows of economic benefits associated with the provision at March 31, 2026, 2025 and 2024 are as follows: | | | | | | | | | | | | | | | Carrying | | | | | | | | | | | | | Value | | 2027 | | 2028 | | 2029 | | 2030 | | Thereafter | | | €M | | €M | | €M | | €M | | €M | | €M | At March 31, 2026 | | | | | | | | | | | | | Provision for leased aircraft maintenance | | 201.6 | | 60.3 | | 34.8 | | 65.8 | | — | | 40.7 |
| | | | | | | | | | | | | | | Carrying | | | | | | | | | | | | | Value | | 2026 | | 2027 | | 2028 | | 2029 | | Thereafter | | | €M | | €M | | €M | | €M | | €M | | €M | At March 31, 2025 | | | | | | | | | | | | | Provision for leased aircraft maintenance | | 194.6 | | 53.5 | | 14.5 | | 42.2 | | 50.9 | | 33.5 |
| | | | | | | | | | | | | | | Carrying | | | | | | | | | | | | | Value | | 2025 | | 2026 | | 2027 | | 2028 | | Thereafter | | | €M | | €M | | €M | | €M | | €M | | €M | At March 31, 2024 | | | | | | | | | | | | | Provision for leased aircraft maintenance | | 184.1 | | 46.0 | | 17.4 | | 3.8 | | 35.1 | | 81.8 |
| | | | | | | | | | | | | | | | | | | | | | At March 31, | | | | | 2026 | | 2025 | | 2024 | (b) Provision for pension obligation | | | | €M | | €M | | €M | At beginning of year | | | | — | | — | | 4.5 | Movement during the year | | | | — | | — | | (4.5) | At end of year | | | | — | | — | | — |
See Note 20 to the consolidated financial statements for further details.
|