Ryanair has said airline fare rises have fallen off as customers put off booking holidays due to fear of fuel shortages and the impact of higher inflation on their budgets.
In its annual results, the Irish budget airline said low-single-digit percentage increases in fares for the peak summer months had faded, with pricing ‘now trending broadly flat’ for the July to September period.
It said this was ‘somewhat in response to economic uncertainty caused by higher oil prices, the fear of fuel shortages and the risk of inflation adversely impacting consumer spending.’
The Irish airline carrier reported pre-exceptional profits of €2.26billion (£1.96bn) for
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