Ryanair sees modestly higher summer fares after record profitRyanair has posted a 34 per cent year-on-year increase in annual profit to a record €1.92 billion. The airline expressed "cautious optimism" that peak summer fares would be flat to modestly ahead of last year. The result was slightly ahead of the €1.91 billion profit expected by analysts. During the 2024 financial year, the airline saw a 9 per cent increase in traffic, rising to 183.7 million passengers. However, costs were also on the up, with Ryanair noting a 32 per cent increase in its fuel bill, rising €1.25 billion to €5.14 billion for the year.

Source: Irish Independent May 20, 2024 06:39 UTC