Airline believes its air fares will rise by a ‘mid-teen percentage’ in the three months to the end of December
A Ryanair plane at Dublin Airport. Air fares are set to go even higher, according to the airline. Photograph: Sasko Lazarov
Ryanair’s average fare for the six months rose by 24 per cent to €58, while in the second quarter the rise was 26 per cent to €65. It’s worth noting that in the comparable reporting period of 2019, the last full year before the pandemic, Ryanair’s average fares fell by 5 per cent for the half year and by 3 per cent for the second quarter.
Adina Vălean, the EU’s transport commissioner, told the FT that EU officials were “looking into detail...of what is exactly going on in the market and why”. Average air fares across Europe were 20-30 per cent higher over summer 2023 compared with 2019, according to EU data released in October.
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