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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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
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