Ryanair warned of a 10% price increase: the reason
Ryanair passengers planning summer travel may face higher fares due to delays in the delivery of new Boeing aircraft. This was stated by Ryanair CEO Michael O'Leary.
He explained that limiting the number of aircraft would lead to a 10% increase in ticket prices. According to the BBC, Ryanair was expecting 57 Boeing 737 Max 8200s by March, but due to the FAA's increased quality control after the Alaska Airline incident, only 40-45 aircraft will be delivered for the summer season.
Although Ryanair is doing everything possible to mitigate the price increase, Mr. O'Leary predicts a 10% increase in airfares across Europe, as well as a decrease in passenger traffic.
Ryanair's initial forecast for the end of March 2025 was that the company would carry 205 million passengers, but now the carrier expects to sell 5 million fewer tickets.
According to Mr. O'Leary, tariffs could only fall if capacity increases, not the other way around.
Lucy Coates, Investment Director at JM Finn said: "Ryanair is a low-cost carrier and so its 10% increase is slightly above the average of 3-7%, but that's because it's starting from a low base."
As previously reported by TravelWise, thanks to Ryanair, easyJet, and Wizz Air, the closed Manston Airport may reopen.