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Ryanair shares hit record high but airline warns ticket prices will rise in 2024

Neil Sorahan, chief financial officer of the Irish airline giant, said the surge in fuel costs coupled with reduced capacity would push up airfares this year

Ryanair’s laser-like focus on being Europe’s lowest-cost and most efficient airline has allowed it to dominate the sector. Picture: Getty

When Aer Lingus confirmed last month that it will end its daily route from Dublin to Gatwick in April, the marketing department at Ryanair were quick to take full advantage of the situation by offering “rescue fares” starting from just €19.99 to stranded customers.

“Ryanair is Europe’s most reliable and low-fare airline and with up to eight daily flights on the Dublin to Gatwick routes. All we can say is ‘slán leat’ Aer Lingus,” the ...