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Ryanair has a strong summer with bookings surging and fares increasing

Michael O'Leary, chief executive of Ryanair, said that the demand for summer travel was not slowing down, with high bookings and increasing ticket prices. This is despite a recent severe heatwave in Europe.

O'Leary confirmed the Irish low budget airline's forecast for May, noting that it expects most but not all of the 7% drop in average fares last year, as consumers struggled with high interest rate.

He said that bookings for summer 2025 were strong and prices were rising. Demand for destinations like Italy, Greece Spain, the Balearics Canaries, and Morocco is also high.

According to the CEO, market consensus predicts that Ryanair's profit after tax for the first three months ending in June will double. He added, "We don't see any reason to change or object to this consensus, but we cannot comment on it". The company will release its first quarter results on 21 July.

O'Leary, who addressed concerns about extreme weather conditions, described heatwaves in the summer as a temporary phenomenon that did not appear to affect travel patterns.

O'Leary said that his airline, which sources nearly all its aircraft from Boeing, was hopeful about the exemption of commercial aircraft from U.S. tariffs and EU tariffs. However, he admitted that "nobody really knows".

O'Leary, speaking in Warsaw announced plans to triple the number of passengers Ryanair services at the Modlin Airport to over 5 million per year by 2030.

The company intends to invest $400,000,000 in Modlin, and will double the number aircraft there from four to eight, all while flying out of the main airport Okecie.

O'Leary claimed that Modlin would be the "fastest growing airport in Poland" after a dispute over fares with Ryanair.

Modlin Airport is required to construct at least four new check-in desks for passengers and four new parking lots by September 2027.

(source: Reuters)