The boss of RyanAir has sent a warning to travellers this summer that prices could be forced to rise
CEO Michael O’Leary said that Ryanair may have to cut flights during its busy summer season as troubled plane maker Boeing struggles to make deliveries on time which could result in prices hikes of up to 10 per cent
Ryanair’s original forecast for the year to the end of March 2025 was that it would carry 205 million passengers, up from 183.5 million during the previous 12 months.
But O’Leary said: “With fewer aircraft, maybe we’ll have to bring that 205 million down towards 200 million passengers. It might be a scratch below 200 million, we just don’t know at this stage.
“That probably means that even our growth this year is going to be constrained in Europe, and I think that leads to a higher fare environment across Europe for summer 2024.”
