Ryanair

Ryanair boss says , ‘recessionary feel’ may be limiting air ticket price rises

by
Ryanair boss says , ‘recessionary feel’ may be limiting air ticket price rises

Ryanair CEO Michael O’Leary mentioned that there is a “recessionary feel around Europe” which could be a factor in slower-than-expected growth in airfares.

Ryanair boss says ‘recessionary feel’ could be limiting air ticket price rises

by
Ryanair boss says ‘recessionary feel’ could be limiting air ticket price rises

Ryanair CEO Michael O’Leary mentioned a “recessionary feel around Europe” as a possible reason for slower airfare growth. The airline posted record annual profits slightly above expectations, with a forecast of flat to modest summer price growth. Ryanair will be 23 jets short of Boeing’s delivery target by the end of July, with potential compensation for delays. The airline flew a record 184 million passengers contributing to a 34% increase in annual profit. Ryanair also announced a 700 million euro share buyback.