Ryanair – like many of its rivals – has continued to enjoy the surge in demand for air travel that has been under way ever since the Covid pandemic restrictions were lifted.
In the past few weeks, British Airways owner AIG and EasyJet have both been forecasting strong demand for flights this summer
Ryanair carried 183.7 million passengers over the year to March, with average fares up 21% to €49.80.
It said it had seen record trading last summer, and strong traffic over Easter in March.
However, this was offset by a fall in numbers at the end of last year, after Ryanair flights were removed from several online travel agents.
The airline said bookings for this summer were ahead of last year, although fares were not as high as it had expected.
But it added it was “cautiously optimistic” that fares in the peak of the summer would be “flat to modestly ahead” of last year.
Ryanair did not give any profit forecasts for the current year, saying that was “heavily dependent” upon avoiding adverse events such as the wars in Ukraine and the Middle East, extensive air traffic control disruptions or further Boeing delivery delays.
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