Ryanair announces a 5-10% increase in ticket prices this summer

Ryanair announces a 5-10% increase in ticket prices this summer

Globetrotters will have to put their hands in their wallets. Airline ticket prices from Irish low-cost airline Ryanair should increase by 5 to 10% next summer compared to 2022, in a context of high inflation, estimated its director Michael O’Leary on Wednesday.

“I think that this summer ticket prices will increase by 5 to 10%” compared to last summer, he explained during a press conference in Lisbon (Portugal).

Last August Michael O’Leary announced the end of the 10 euro banknote, which was one of its big marketing moves, to cope with the increase in the price of kerosene. “Our really cheap promotional fares – the one euro fares, the 0.99 euro fares, even the 9.99 euro fares – I don’t think you’ll see those fares in the next few years,” he said. warned.

The Irish Carrier feel better after suffering the difficult post-pandemic period and announced on Monday a net profit of 211 million euros in the third quarter shifted from the 2022/2023 financial year, driven by the rebound in demand, in particular for the end-of-year holiday period. year, compared to a loss of 96 million euros a year earlier.

And for this summer, Ryanair expects “strong demand” driven in particular by the Asian market after the lifting of health restrictions in China and by American customers “who benefit from a strong dollar”, he added.

Development in Portugal

The airline also announced 19 new destinations (Barcelona, ​​Rome or Toulouse) from or to Faro (south) and Porto (north) airports in Portugal. Ryanair, which will then have a total of 164 destinations from Portugal, specifies however that it will not be able to grow in Lisbon “due to the absence of take-off slots” available due, among other things, to the saturation of the airport. and “airport tax increases”.

Portugal could also host Ryanair’s new training center in the Porto region (north), said the Ryanair manager, adding that the decision will be known in the coming weeks.

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