Ryanair passenger numbers pass 20m a month amid 5% fall in fares

Shares rise despite a drop in carrier’s revenues, which Michael O’Leary says will last until spring 2025

Ryanair said it has reaped strong traffic growth after a summer when the airline’s fares were down 5% and passenger numbers passed 20 million a month.

Shares in Europe’s biggest carrier rose on Tuesday, after the group chief executive, Michael O’Leary, revised previous gloomier predictions of a double-digit drop in peak-season fare income, although he said the dent in revenues would probably last until spring 2025.

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