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European airlines raise flight ticket prices

Europe’s largest airline, Ryanair,​ announced it will raise ticket prices‌ this summer after a year of low fares that led to ⁤a 16% drop in profits.

according⁤ to webangah News ⁤Agency,⁣ Europe’s largest airline, Ryanair, confirmed plans to increase ticket prices this summer following a ⁤year of ⁣depressed ‍fares that​ resulted in a ​16% profit decline.

The airline carried over 200 million passengers in⁢ 2024⁤ and 2025 but reduced average⁤ fares by 7% to fill seats—a move triggered by disputes that forced some online travel agencies‌ to halt ticket sales. This contributed to an annual​ profit drop of ⁣€1.6 ⁣billion ​(£1.4 billion).

However, Ryanair forecasts a 5-6% fare ​increase during⁣ the ⁣peak travel season in 2025.

The company reported that easter holiday travel drove​ a 15% ⁣surge‌ in fares during Q1 of ⁤this year.

CEO⁣ Michael ‌O’Leary stated the annual results were “very good considering our dispute with online travel agents and the 7%⁣ fare cut—these figures are remarkably resilient.” He ⁤noted ​an €8 per-passenger⁤ revenue yield but emphasized rising costs aligned ‍with passenger growth: ⁤”the⁢ cost gap⁤ between us and‌ competitors is widening.”

Ryanair will​ distribute €400 million in dividends this year. O’Leary projected higher ⁤profits,citing lower jet fuel costs as an advantage.

He also revealed considerations to reroute new Boeing aircraft‌ deliveries from its european⁣ hub to ⁢the ⁣UK ‍to bypass potential tariffs.As Boeing’s largest European customer, Ryanair faces ⁢delays⁢ on⁢ its⁣ ordered 737 Max-8 jets due to​ long-standing production issues at Boeing’s U.S. facilities.

“Boeing’s‍ factory​ situation has significantly improved,” O’Leary acknowledged, though the airline still awaits delivery of 29 aircraft for next summer’s schedule—possibly delayed until autumn—which “could reintroduce tariff risks.”

The CEO speculated Donald ⁢Trump might “seek ⁢some retreat on EU tariffs” and stressed Ryanair holds fixed-price ⁤contracts with Boeing: “Tariffs are ‌Boeing’s ⁢problem, not ours—though we’ll collaborate with ‍them on‌ workarounds.”

News Sources: © webangah News agency
English channel of the webangah news agency on Telegram
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