Ryanair Holdings Plc (NASDAQ:RYAAY) is signaling a bullish summer outlook, with bookings surging and ticket prices rising despite heatwaves across Europe. Speaking in Warsaw on Tuesday, CEO Michael O’Leary reaffirmed the airline’s robust projections for 2025 and shrugged off concerns that extreme weather could impact travel patterns.
According to O’Leary, bookings into summer 2025 remain strong, with no signs of a slowdown across major leisure routes. Popular destinations such as Italy, Greece, Spain, the Balearic and Canary Islands, and Morocco continue to see resilient demand. Ryanair expects to recover most of the 7% drop in average fares seen last year, when high interest rates squeezed household budgets.
“Bookings are strong, prices are rising,” O’Leary said, noting that the recent European heatwaves are being viewed as a temporary phenomenon, not a structural threat to travel appetite.
O’Leary also acknowledged that market consensus expects Ryanair’s Q1 after-tax profit to double year-over-year. The company is due to report earnings on July 21. While refraining from issuing official guidance, O’Leary said the airline sees no reason to contradict that consensus.
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Speaking on future expansion, O’Leary revealed Ryanair’s plans to triple its passenger volume at Warsaw’s Modlin Airport, targeting 5 million passengers annually by 2030. He also addressed broader geopolitical uncertainty, especially surrounding potential EU and U.S. tariffs.
“We’re hopeful that commercial aircraft will be exempt from tariffs, but nobody is really sure,” he stated, referring to Ryanair’s close supplier relationship with Boeing (NYSE:BA).
For a deeper look at Ryanair’s financial strength and key valuation metrics such as debt-to-equity and return on assets, the Key Metrics API (TTM) offers a complete time-series breakdown across multiple quarters.
Despite macro uncertainties—ranging from climate volatility to trade friction—Ryanair is doubling down on growth, capitalizing on pent-up travel demand, strong pricing power, and network expansion in Central Europe. With Q1 results on the horizon, all eyes will be on whether Ryanair can sustain this momentum amid a complex operating landscape.