Ryanair plans to increase fares as profits plunge

Ryanair has announced that ticket prices will be increasing after the airline reported a drop in annual profits.

Holidaymakers have already noticed rising fares since March, despite Ryanair previously relying on lower prices to fill its fleet of aircrafts.

The Irish airline revealed that last summer’s average ticket prices had dropped by £6 (about $8), with a 7% price reduction during the peak travel season.

Ryanair CEO Michael O’Leary said: “While we cautiously expect to recover most but not all of last year’s 7% fare decline, which should lead to reasonable net profit growth in 2025–26, it is far too early to provide any meaningful guidance.”

The airline posted a 16% drop in post-tax profits between March 2024 and March 2025.

Last year, Ryanair carried 200 million passengers worldwide—a record for the company, which now expects to fly 206 million travelers between March 2025 and March 2026.

(QG - Source: The Daily Star  — Picture : © Unsplash)