Ryanair hikes full-year fare and passenger outlook
Major airline set to increase flight fares
- Ryanair has raised its annual passenger growth outlook and full-year profit forecast, citing robust demand and earlier than expected Boeing aircraft deliveries.
- The budget airline now projects 2025-26 passenger numbers to reach almost 208 million and expects average fares to increase by up to 9 per cent for the full year.
- Third-quarter pre-tax profits fell sharply by 83 per cent to 24.4 million euros, primarily due to a 256 million euro provision for an Italian competition fine.
- The fine was issued by Italy's watchdog over an alleged "abusive strategy" against third-party travel agencies, a ruling Ryanair is confident will be overturned on appeal.
- Chief Executive Michael O’Leary outlined potential risks from external factors but aims for Ryanair to grow to 300 million passengers annually by 2033-34, also noting a recent public disagreement with Elon Musk boosted sales.