Dublin (Reuters) – Ryanair reported on a fall of 16% of its annual profit on Monday with the decline in average prices, but the largest low -cost airline has highlighted a high demand for the coming summer, with modestly higher prices.
The net profit for the financial year ended on March 31 has established 1.6 billion euros, online with analysts’ expectations, according to a consensus carried out by the company.
“We see a high demand for travel for the summer of 2025 on the whole of our network,” said Managing Director Michael O’Leary said in a press release.
“Although we cautiously expected to recover the majority, but not all, from the drop in tariffs from 7% from last year, which should lead to reasonable growth in net profit for financial year 26, it is far too early to provide significant indications,” he added.
Ryanair has transported a record number of 200 million passengers over the last twelve months, after lowering its initial 205 million objective due to delivery delays at Boeing.
The company plans to transport 206 million passengers to the financial year ending in March 2026.
(Written by Conor Humphries; Noémie Naudin, edited by Augustin Turpin)
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