Transportation
Ryanair Sees Summer Fares Lower Than Expected, Reuters Says
Passengers wait to board a Ryanair aircraft.
Photographer: John Macdougall/AFP/Getty ImagesThis article is for subscribers only.
Ryanair Holdings Plc expects summer ticket prices to be lower than previously estimated as the airline industry suffers from grounded planes and a supply chain backlog.
Fares during the peak travel season will likely be flat to up 5% at most, Reuters reported, citing Ryanair Chief Executive Officer Michael O’Leary. He previously said the airline was doing its budgets based on a pricing increase of between 5% and 10%, Reuters said.