Ryanair Cautions on Summer Fares, Puts Focus on Low-Cost Flights in Europe
Ryanair warned peak summer fares will be flat, reversing earlier expectations of a rise, citing late bookings and fuel costs. Shares fell over 3% despite record annual profit of 2.26 billion euros. The airline hedged 80% of its jet-fuel needs but declined to issue a 2027 profit forecast, citing ongoing volatility. Revenue rose 11% to 15.54 billion euros, with passenger traffic up 4%.