Ryanair is anticipating a rise in airfares by 5%-6% during the peak season in 2025 after experiencing a 16% profit decline due to lower fares aimed at filling seats amid booking disruptions. The airline carried over 200 million passengers in the last fiscal year, but ticket prices decreased by 7%. CEO Michael O'Leary emphasized strong cost control measures and expressed hope for future profitability due to reduced jet fuel costs, while also addressing challenges with Boeing aircraft deliveries and potential tariffs.
Ryanair aims to raise airfares by 5%-6% in peak season 2025 after a steep decline in profits due to low ticket prices and external disputes.
CEO Michael O'Leary noted a 16% profit fall in the past year, attributed largely to a price drop of 7% necessary to fill planes amid booking disputes.
Ryanair plans to manage incoming Boeing deliveries strategically to avoid tariffs, highlighting the importance of maintaining competitive costs in a challenging market.
O'Leary expressed optimism regarding profits due to lower jet fuel prices and noted a robust cost management compared to competitors.
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