Ryanair passenger numbers pass 20m a month amid 5% fall in fares

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Shares rise despite a drop in carrier’s revenues, which Michael O’Leary says will last until spring 2025Ryanair said it has reaped strong traffic growth after a summer when the airline’s fares were down 5% and passenger numbers passed 20 million a month.Shares in Europe’s biggest carrier rose on Tuesday, after the group chief executive, Michael O’Leary, revised previous gloomier predictions of a double-digit drop in peak-season fare income, although he said the dent in revenues would probably last until spring 2025. Continue reading…

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Source link : https://www.theguardian.com/business/article/2024/aug/27/ryanair-says-passenger-numbers-passed-20m-a-month-amid-a-5-cut-in-airlines-fares

Author : Gwyn Topham Transport correspondent

Publish date : 2024-08-27 19:35:28

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