Ryanair fares are set for a sharp rise as the airline attempts to rebound from a double-digit hit to profits in a year where Ryanair shipped a record number of passengers.
Europe’s largest airline transported a record 200 million passengers in 2024, though fares were 7% lower than in the year prior. Ryanair’s CEO, Michael O’Leary, said high inflation and interest rates, an off-cycle Easter, and a fall in travel agency bookings forced the company into “repeated price stimulation” last year, in other words, price cuts.
