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Ryanair average fares may not grow this year, CEO warns

Published by Global Banking & Finance Review

Posted on April 28, 2026

1 min read

· Last updated: April 28, 2026

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Ryanair average fares may not grow this year, CEO warns
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Ryanair CEO Says Average Fares Could Stay Flat in 2024-2025 Financial Year

Ryanair's Fare Outlook and Market Influences

CEO Michael O'Leary's Forecast for Average Fares

OSLO, April 28 (Reuters) - Ryanair's average fares could be flat in the financial year to end March 2027 rather than growing the 4-5% previously forecast, group CEO Michael O'Leary told Reuters, adding that the outcome depended on the Middle East conflict.

Comments from the CEO

"If I was guessing today, and I'm completely guessing, I would have said our original planning prediction for fares up 4, 5%, I think we'd be moving towards kind of fares flat on last year at this stage," O'Leary told Reuters in an interview in Oslo on Tuesday.

Profitability Despite Flat Fares

"We would still be very profitable if fares were flat this year," he added.

Reporting Credits

(Reporting by Gwladys Fouche in Oslo, writing by Conor Humphries; Editing by Sarah Young)

Key Takeaways

  • Michael O’Leary now sees fares flat year‑on‑year for FY27 vs earlier 4–5% growth forecast, linking the outlook to the Middle East conflict (marketscreener.com)
  • Despite flat fares, O’Leary asserts the airline would still be very profitable (marketscreener.com)
  • This diverges from earlier guidance of modest fare growth—Ryanair had previously expected 2–4% increases based on strong bookings (airguide.info)

References

Frequently Asked Questions

What did Ryanair's CEO say about average fares this year?
Ryanair's CEO warned that average fares may remain flat this financial year instead of growing by 4-5% as previously forecast.
Why might Ryanair's fares not increase as expected?
The possibility of fares staying flat is attributed to the ongoing Middle East conflict impacting market conditions.
Will Ryanair remain profitable if fares are flat?
Yes, according to the CEO, Ryanair would remain very profitable even if average fares do not grow this year.

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