Ryanair is less “budget” but still manages to keep average ticket prices under €50.

Ryanair remains the queen of low-cost airlines. And although the “budget” is becoming less and less, the Irish company continues to maintain reasonable average prices, below 50 eurosdespite the inflation storm that has hit the European economy.

The Irish company raised rates to 49.80 euros per ticket in its most recent fiscal year, which ended in March, it said in a note yesterday. The price was 21% higher than the previous year and increased revenue per passenger by 15%, which in turn allowed the company to offset a significant increase in fuel bills, which rose to 5.140 million euros

32% more.

Under pressure from rising costs, budget companies have recently been forced to gradually increase ticket prices. Tourist intelligence website Mabrian guarantees that flights departing from Spanish airports with low-cost airlines have become more expensive 38.4% if the destination is the UK, 22.2% in France and 12.3% in the case of Germany.

The impact of this increase on the Spanish air transport sector is very important, given that, according to Mabrian, The “budget” air flow capacity is 68.5% of the total volume.which is equivalent to 37.61 million seats compared to 17.33 million seats operated by conventional airlines.

Results

Ryanair achieved more than remarkable results in the last financial year. Irish low cost airline its profits rose 34% to €1.917 million.. The company that carries the most travelers to and from Spain increased its traffic by 9% to 183.7 million passengers

despite, as he emphasized, delays in deliveries of Boeing aircraft.

The Irish airline entered 13,440 million euros to March last year, up 25% on the previous financial year, thanks in part to a record first term brought on by Easter, explained company CEO Michael O’Leary.

In 2023, the company carried 183.7 million passengers.

TO markets, the Italian contributed 2.853 million euros to the company’s turnover, which is 20% more; they are followed by the Spaniards with 2.416 million; and the British – €2,031 million, representing increases of 28% and 27% respectively.

Looking ahead to the next fiscal year, O’Leary announced plans to transport from 198 to 200 million passengers, up 8%provided that the American aircraft manufacturer Boeing meets its aircraft delivery schedule by the end of this year.

The manager recalled that Ryanair has a fleet of 146 B737 Gamechangers and hoped the number would increase to 158 by the end of July, 23 fewer than contracted to date.

O’Leary warned that capacity for medium-haul flights within the EU was “limited”, although demand for tickets for this summer was “positive”, as evidenced by a rise in advance bookings compared to the same period in 2023.