Ryanair expects it will be able to charge higher prices for flights over Easter and the summer, thanks to strong demand from American and Asian tourists and less competition from rivals.
The low-cost European carrier told customers in an earnings statement on Monday to “book early” before cheaper tickets sell out. It reported record profit for the three months to December 31, increasing airfares by 14% compared to their pre-pandemic level.
“We’re seeing very strong market share gains in most of our major markets like Italy, Poland, Ireland and Spain where competitors have removed significant capacity or are retreating from competition with us,” O’Leary said. Passenger numbers for the quarter through December climbed to a record 38.4 million. That’s 7% higher than the same quarter in 2019 before the pandemic hit.
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