Ryanair promises lower ticket prices than expected this summer

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lower ticket prices

Ryanair has lowered expectations for price increases for low-cost airline tickets for the summer season. Ticket prices will increase less than expected.

During a press conference in Brussels, CEO Michael O’Leary indicated ticket prices will “surprisingly” be lower than initially expected. In September, the boss of the Irish discount airline announced that the low ticket prices of before the pandemic would no longer return.

According to the Irish news outlet Irish Independent, prices will rise between 5-10% compared to the same period last year. This is significantly lower than initial expectations of above 10%. The reason for these higher prices was pointed to the shortage of aircraft that is affecting many airlines and may prevent them from meeting all demand.

Crisis at Boeing hits Ryanair hard

The crisis at Boeing has direct consequences for Ryanair. The Irish airline flies 90% with aircraft from the American aircraft manufacturer. Several months ago, O’Leary expressed frustration that “we expected to receive 27 aircraft for Christmas. But in the end we only received 11.” The plan was also to receive 57 aircraft by the end of April, “but I think fortunately we will have 50 by the end of June.”

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These delays, mainly caused by staff shortages, led to a loss of 1.5 million customers during the winter season. Ryanair also revised down its traffic forecast for the 2025 fiscal year, which started on April 1, from the originally planned 205 million passengers to 200 million.

Impact on the stock market

The Irish low-cost airline’s CEO’s comments on tariffs have led to a 7.7% drop in their share price. Similar declines have also been seen at other major airlines such as Easyjet, Lufthansa and Wizz Air, indicating a broad impact on the sector.

Also read: Ryanair wants to invest 5 billion in Spain

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