⁠⁠Ryanair Says Summer Airfares to Remain Mostly Unchanged

No-frills airline Ryanair has said fares during the peak summer season are set to be unchanged or only “modestly” higher than last year.

The carrier said while it expected “strong” demand for flights in July and August, airfares had been growing slower than expected recently.

Airline boss Michael O’Leary said this could be down to a “recessionary feel around Europe”.

His comments came as Ryanair said profits for the year to March jumped 34 per cent to £1.64 billion after fares rose by a fifth.

Demand for air travel has been increasing steadily ever since the Covid pandemic restrictions were lifted.

In the past few weeks, British Airways owner IAG and EasyJet have both been forecasting strong demand for flights this summer.