Ryanair is set to increase ticket prices this summer following a decline in profits attributed to low fares. Ticket prices are expected to rise by 5% to 6%, as noted by the airline’s Chief Executive Officer Michael O’Leary.
The low-cost airline reported an annual profit of 1.611 billion euros up to March 31, representing a 16% decrease compared to the previous year.
In a statement released today, Ryanair disclosed that its pre-tax profit for the fiscal year amounted to 1.784 billion euros, reflecting a 16% decline from the prior period, while operational profit fell by 24% to 1.558 billion euros.
Total operational revenue, however, increased by 4%, reaching 13.948 billion euros, with passenger traffic rising by 9% to 200 million travelers.
As the largest low-cost airline in Europe, Ryanair indicated that demand for tickets for the coming summer is strong, with moderately higher fares.
The company has added over 160 new routes for this summer, bringing the total to 2,600, and advises all passengers to book in advance to secure the best rates before they sell out.
The Ryanair CEO expressed optimism about “a strong summer travel season in 2025 across the network” and showed confidence in profit growth for the current fiscal year, ending March 31, 2026.
