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Ryanair raises fares after profits hit by lower ticket prices
Europe's largest airline has seen annual earnings drop by 16% after cutting air fares - but revealed a price hike as it seeks to return to growth.
Ryanair reported profits after tax fell to €1.61bn (£1.35bn) for the year to 31 March, down from €1.92bn (£1.61bn) in 2024, still the second highest on record. On average, plane tickets were 7% cheaper during this period than the 12 months before, it said.
Money blog: Secrets of a cabbie There had been a 21% rise in fares in the year up to March 2024, which bosses had signalled was due to end. Higher-for-longer interest rates and inflation in the first half of the year meant ticket prices had to come down, the budget carrier said.
But fares are already back on the rise, Ryanair's chief executive Michael O'Leary said. The airline "cautiously" expects to recover "most, but not all" of the fare decline, which he said will boost profits.
Demand for summer flights is "strong.
Amir Nisi
Creative and experienced content writer with 6+ years of experience lazy to create unique content strategy for News5 to turn website visitors into customers.
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