Price increases are expected to be between 5% and 6%, according to 20minutos, which cites Ryanair CEO Michael O'Leary.

Low-cost airline Ryanair's annual profit to March 31 reached €1.611 billion, down 16% from the same period last year.

In a statement, the company reported that pre-tax profit for its fiscal year was 1.784 billion euros, a drop of 16% compared to the same period last year, while operating profit fell 24% to 1.558 billion euros.

Total operating revenue increased by 4% to €13.948 billion, while traffic grew by 9% to 200 million passengers.

According to the airline, Europe's largest low-cost airline, demand for tickets for next summer is strong and fares are moderately higher.

The company adds that it has more than 160 new routes on sale for this summer, bringing the total to 2,600, and recommends that all passengers book early to secure the best fares before they run out.

Ryanair's chief executive said today the company was looking ahead to "a strong summer travel season in 2025 across the network" and expressed confidence in profit growth for the current financial year, which ends on March 31, 2026.