Ryanair foresees higher European fares next year

Ryanair expects passenger numbers between November and March to remain stable compared to last year but warns that high oil prices could lead to significant fare increases and airline failures in Europe. The airline has reduced its full-year passenger target to mitigate exposure to elevated fuel costs and anticipates winter losses of up to €100 million but expects to maintain profitability due to hedged fuel costs. Despite recent safety concerns, Ryanair remains on track to increase summer passenger numbers by over 5%.

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