Brief: Ryanair CEO: Unsure we'll get to 20% fare increase next year, certainly double-digit

Boeing

Mon 06:34

Nov 2 (Reuters) - Ryanair Holdings PLC RYA.I Q2 results presentation on company website:
RYANAIR CEO: NO DOUBT IN MY MIND THAT HIGHER FUEL COSTS GOING TO LEAD TO SIGNIFICANT CAPACITY CONSTRAINTS, MORE FAILURES
RYANAIR CEO: BELIEVE CAPACITY ACROSS EUROPE THIS WINTER WILL BE DOWN BY LOW TO MID SINGLE DIGISTS, PROBABLY FLAT OR DOWN NEXT SUMMER
RYANAIR CEO: BELIEVE EASA WILL CERTIFY MAX10 BY THE END OF DECEMBER
RYANAIR CFO: LIKELY TO TAKE FIRST MAX10 AIRCRAFT IN JANUARY OR EARLY FEBRUARY OF 2027 IF CERTIFIED BY EASA ON TIME
RYANAIR CEO: SEES EUROPEAN SHORTFALL CAPACITY CONSTRAINED TO THE EARLY 2030S WITH VERY FEW OTHER THAN RYANAIR HAVING SIGNIFICANT AIRCRAFT ORDERS
RYANAIR CEO: STILL BELIEVE THAT OUR PROFIT PER PASSENGER CAN RISE TO 14, 15 EUROS PER PASSENGER
RYANAIR CFO: IN ADVANCED TALKS WITH A NUMBER OF LOCATIONS ON ENGINE SHOPS, ANNOUCNE FIRST BY END-2026 AND HAVE FIRST OPERATIONAL AT BACKEND OF 2029
RYANAIR CEO: WOULD NEED ABOUT A 20% FARE INCREASE IN YEAR TO END-MARCH 2028 TO COVER EXPECTED RISE IN FUEL COSTS, NOT SURE WE'LL GET TO 20%
RYANAIR CEO: WE'RE CERTAINLY LOOKING AT DOUBLE-DIGIT FARE INCREASES ACROSS EUROPE FROM ALL AIRLINES IN 2027
RYANAIR CEO: PAY FREEZE AIRLINE IS EXAMINING WOULD BE FROM APRIL 2027 ONWARDS
RYANAIR CEO: THIS IS AN ERA WHEN RYANAIR WILL DO VERY WELL, REFERRING TO PERIOD OF HIGHER OIL PRICES
Further company coverage: RYA.I

 (Reporting By Padraic Halpin)
 ((Padraic.Halpin@thomsonreuters.com;))