Ryanair, like other carriers, had seen double-digit growth in the first two summers since the Covid pandemic. Earlier this year the chief executive, Michael O’Leary, predicted average summer fares would rise by 5 to 10 per cent. But his current expectation is that the peak quarter from July to September will be down 5 per cent.
Mr O’Leary said while he had “no idea” how fares would turn out, he added: “It is reasonable to expect that fares will be down 5 per cent for the rest of the [financial] year.” That ends on 31 March 2025.
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