Ryanair CEO Expects Summer Rates To Increase By 7-9% Compared To 2019: Reuters

Ryanair Holdings RYAAY Chief Executive Michael O'Leary stated that bookings are strengthening, and he expects summer fares to be between 7% and 9% higher than pre-pandemic levels, reported Reuters.
In an interview with Reuters, he predicted that the load factor, a measure of how well an airline fills available seats, should be around 94% in June, nearly matching pre-COVID-19 pandemic levels.
"And July, August, and September look very strong with higher load factors and also higher fares," he added.
"Fares will be up probably high single digits 7,8,9 percent over summer 2019."
He expects the traveling experience for European customers to improve over the summer as airport management groups "iron out" staffing shortages through recruitment.
He mentioned that there might be a small number of cancellations or delays but that the proposed strike action has "no support."
Price Action: RYAAY shares are trading higher by 1.44% at $71.02 during the premarket session on Tuesday.
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