Ryanair has warned about high fares for summer flights
Ryanair warns of potential challenges in meeting customer demands during the peak season in 2024. According to Chief Executive Officer Michael O'Leary, European airlines may struggle to meet the high demand for travel in the summer due to a shortage of aircraft.
The main reason cited is the delay in the delivery of new Boeing aircraft. Stoke-on-Trent Live reported that the company expects to receive only 40-45 of the 57 new planes it has ordered from the American aircraft manufacturer by the end of March.
Michael O'Leary forecasts that ticket prices from Ryanair could increase by up to 10%, and the number of passengers flying with the carrier for vacations will be lower.
He stated, "In the summer of 2024, airfares will increase again compared to the summer of 2023. Our average airfares in the summer of 2023 increased by 17%. We do not anticipate such a double-digit increase in fares this year. We budget based on a 5-10% increase in fares, which, in my opinion, is quite reasonable."
It is reported that the company aimed to increase its customer figure by 205 million this year, compared to the previous year's result of 183.5 million passengers. However, due to the reduction in the number of flights, this figure may be slightly lower, amounting to less than 200 million customers.
Earlier, TravelWise reported that Ryanair is introducing new flights from Cardiff to popular resorts in Spain.
