Ryanair expects a fare recovery while consumers recover from the interest rate

By Connor Humphrez

Dublin (Reuters) -Raynire told Monday a strong demand across Europe and expected that the prices would rise to recover a lot of decline, whose profit decreased last year as consumers fought with high interest rates.

“The demand is strong throughout the network,” financial director Neil Sahaman told Reuters in an interview. “We work in 37 different countries. We are witnessing a strong demand in summer everywhere.”

The low -cost Irish airline, the largest airline in Europe, has reported a 16 % decrease in the annual profit for a period of 12 months ending March 31, as the most softened demand and conflict with online travel agents decreased by 7 %.

“We are pleased that we will recover most of that by 7 %, just not all. So, I think this is a fairly good transformation.”

The increase in the average price of 7 % with expectations of 4-6 % by CEO Michael Olieri in March.

Ryanair shares increased by 3.4 % in 23.17 euros at 0733 GMT. They decreased to 13.41 euros last July, after the airline recorded a 15 % decrease in the average price in the first quarter.

O’Leary can be in a line to get a bonus of approximately 100 million euros if the share price exceeds 21 euros for 28 days. It has been circulated above this level since May 2.

The airline said it is expected that the prices for the three months that end in June are expected to rise through “percent of adolescent teenagers” from mid to upright on an annual basis, largely driven by Easter time.

Oliri said the summer reservations are about 1 % before the same period last year.

The post -tax profit for the fiscal year for Raynire reached 1.61 billion euros ($ 1.8 billion), in line with the company’s survey of analysts.

The airline expects “the cost of modest unit costs” in the current fiscal year, as new aircraft helps, undermine fuel and control costs to increase the control of air traffic control and higher environmental taxes.

CITI analysts said that it is possible that investors are likely to interact positively with the expectations of humble costs only and estimate the fare recovery.

Delivery on the right track

Ryanair flew 200 million passengers for 12 months after pruning a previous 205 million goal due to the delay of delivery from Boeing. It is expected that 206 million passengers in the year to March 31, 2026 will fly.

“We are in good delivery.”

Rohan said, he said, from the previous comments by O’Lery.

“If we want to see an increase in our prices, we will have to reserve our right to delay, cancel or buy elsewhere,” said Saqhan, who is one of Boeing’s largest clients.

($ 1 = 0.8941 euros)

(Writing by Connor Humphrez; edited by Sherry Yaqoub Phillips and Louise Hefins, Kirsten Donovan)