Ryanair raises fares after profits hit by lower ticket prices
- Ryanair, Europe’s biggest budget airline, experienced a 16% decline in after-tax earnings, which fell to €1.61 billion for the fiscal year ending March 31, 2025.
- This decline followed a 7% average ticket price drop last year driven by high interest rates, inflation, weaker consumer spending, and unfavorable Easter timing.
- Lower fares stimulated passenger growth to a record 200 million, despite Boeing aircraft delivery delays forcing Ryanair to reduce its passenger forecast for 2025-26 to 206 million.
- CEO Michael O'Leary said fares are rising sharply, expecting a mid-high teen percent increase for summer 2025, and cautiously expects to recover most fare declines but warns profits remain exposed to tariff wars, geopolitical risks, and air traffic control issues.
- Ryanair plans gradual profit growth in 2025-26 amid strong summer demand but acknowledges external risks could significantly impact financial outcomes.
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With the actions splashed to beyond 23 euros the manager of the low cost has in hand a package that is worth beyond a billion. And on the 2 june will be able to reach the target previewed from the plan of incentive
·Italy
Read Full ArticleRyanair to increase ticket prices ahead of summer holidays after profits plunge
Ryanair to increase ticket prices ahead of summer holidays after profits plunge - Ryanair is set to increase ticket prices by "mid-to-high teen per cent" following a 16 per cent drop in annual profits
·London, United Kingdom
Read Full ArticlePassengers would have spent more than 10 billion euros in 2024 to carry hand luggage on board the seven main low cost in Europe. ...
·Brussels, Belgium
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