Ryanair Touts Lower Fares to Fill Planes as Costs Bite
- Airline remains optimistic it can increase profit this year
- Boeing aircraft have been slow to join Ryanair fleet
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Ryanair Holdings Plc lowered its full-year traffic prediction and said it may need to cut ticket prices to fill seats this winter as passengers become more cost sensitive.
The Irish low-cost airline could introduce “fare stimulation” toward the end of the year to meet seat capacity that’s set to be 25% higher than pre-Covid levels, Ryanair said on Monday as it reported earnings that beat estimates. With limited to no visibility into the next quarters, Chief Financial Officer Neil Sorahan said the airline will push its advantage with low fares.