Ryanair expects to fully recover the 7% loss in ticket prices it experienced in 2024, according to CEO Michael O’Leary.
Speaking to Reuters in Madrid, O’Leary said the move was already above targets and estimated that fares for the full year would increase by around 7%.
As he noted, this summer’s prices are “essentially at the same level as 2023,” while the course of the third quarter – which includes the Christmas period – and the fourth quarter, for which the company states “very limited visibility,” will be a decisive factor for the financial results.
O’Leary noted that economic weakness in Britain and France is increasing consumer sensitivity to prices, causing many travelers to abandon more expensive carriers such as British Airways and Air France and opt for Ryanair.
At the same time, there is a decline in demand for transatlantic travel to the United States. “I think President Trump has alienated the world,” he said, explaining that more Europeans are choosing to vacation in the Mediterranean and the rest of Europe. This shift, he added, is positive for Ryanair’s progress, which benefits from increased demand in regional and popular European destinations.
