Ryanair reports conditions for ticket price increases, as well as a record number of passengers.

Ryanair reports strong demand across Europe and forecasts that ticket prices will recover to offset much of the decline that reduced profits last year.

Europe's largest low-cost airline posted a 16% drop in annual profit for the 12-month period ending March 31, as weaker demand and a dispute with online travel agencies led to a 7% drop in ticket prices.

“Demand is strong across the entire network. We operate in 37 different countries. We are seeing strong summer demand everywhere.”

Ryanair’s profit after tax for the financial year amounted to €1.61 billion. The company stated that ticket prices in the second quarter are expected to increase by a "mid to high single-digit percentage" year-on-year, largely due to Easter travel. Summer bookings are about 1% higher compared to the same period last year, highlighted CEO Michael O’Leary.

The airline expects "modest fare inflation" during the current financial year, as new aircraft, fuel hedging, and cost control help offset increased air traffic control fees and higher environmental taxes.

Ryanair carried a record 200 million passengers over the 12-month period, after lowering its earlier target of 205 million due to delays in deliveries from Boeing. The airline now expects to carry 206 million passengers in the year ending March 31, 2026.