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Ryanair, the Irish low-cost airline, has announced plans to increase its fares in response to financial challenges and external pressures. The decision comes after the company reported a 16% decline in post-tax profits for the 2024/25 financial year, which ended on March 31st. Despite a record number of passengers—200.2 million, marking a 9% annual increase—the airline's profits fell from €1.92 billion ($2.16 billion) in 2024 to €1.61 billion ($1.81 billion) in 2025.
The decrease in profits is attributed to "higher staff and other costs due (in part) to repeated Boeing delivery delays," as well as a 7% drop in average fares. In an effort to recover from this downturn, Ryanair plans to raise its fares for the upcoming financial year. Group CEO Michael O'Leary stated: "Q1 fares are on track to finish a mid-high teen percent ahead of Q1 FY25."
O'Leary also mentioned that while there is limited visibility for Q2 pricing, they expect some recovery from the previous year's decline. However, he noted that the final outcome depends heavily on bookings and peak summer yields.
