Michael O'Leary says that Ryanair is expected to reach the target of 216 million passengers in 2026, albeit with lower fares than anticipated due to geopolitical uncertainty and the impact of fuel prices. The CEO believes that higher costs will eventually put pressure on air travel prices in the coming years.
The official foresees a consolidation of the European market around four major aviation groups, with Ryanair remaining the main low-cost carrier. TAP Air Portugal is identified as one of the companies currently in the process of being sold, and may be part of one of the large European groups.
O'Leary also argues that Ryanair's future growth will be underpinned by fleet expansion, operational efficiency and competitive fares. For the long term, it estimates that the company will reach 300 million passengers annually, maintaining a strong position in the European market.
