In a statement released earlier today, Ryanair said that fares for summer 2025 are already trending “modestly ahead” of last year, with Q1 fares expected to be 15–19% higher compared to the same period in FY25. The return of a full Easter period in April and stronger booking trends have contributed to this early boost.

The airline says it expects to recover most, but not all, of the 7% fare drop from the previous year – meaning travellers could see prices rise moderately, especially in peak season.

CEO Michael O’Leary pointed to a mix of external cost pressures driving this shift, including higher air traffic control (ATC) charges, new environmental taxes, and a mandatory Sustainable Aviation Fuel (SAF) blend coming into effect in 2025. Although fuel costs remain well hedged other operating costs, including staffing and route charges, are pushing unit costs upward.

Meanwhile, Boeing delivery delays have forced Ryanair to cap its traffic growth at just 3% this year. With fewer new planes arriving on time, the airline says it is focusing capacity on airports and regions that are abolishing aviation taxes and incentivising growth. Over 160 new routes have been launched for summer 2025, bringing its total network to over 2,600 routes.

Despite these challenges, Ryanair remains financially strong, with nearly €4 billion in gross cash, and a continued focus on shareholder returns through dividends and buybacks.

The airline continues to encourage passengers to book early to secure the lowest fares, warning that constrained capacity and strong demand will likely push prices up closer to departure.

Have you booked all your summer flights?