Air ticket prices this summer are likely going to be lower than previously expected, Ryanair chief executive Michael O’Leary said on Tuesday according to Reuters.

Despite previous warnings that rising costs would get passed on to airline customers, O’Leary said that prices were not rising as fast as previously assumed.

‘Looking at summer....We thought pricing would be up 5-10%. We’re heading to flat (pricing year-on-year) to 5% up, which is surprising with a lot of the Airbus fleet grounded for maintenance,’ he told reporters in Brussels.

https://www.reuters.com/business/aerospace-defense/summer-ticket-fares-will-rise-less-than-expected-ryanair-ceo-says-2024-05-07/

In February, O’Leary said average fares could increase by €10 to €15 in the next five years.

Shares in Ryanair fell 5.3% to 1,659.00 pence in London on Tuesday.

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