Ryanair seeing better momentum in bookings, less need to discount, CEO says

ROME (Reuters) – Ryanair Group has seen better momentum in bookings since August and less need to discount prices, CEO Michael O’Leary said in an interview on Tuesday.

O’Leary said the Irish carrier was producing “very strong profits” but conceded they “could be slightly down this year against the prior year” despite traffic being up 8%.

“My expectation though is that prices will continue to be slightly down this winter over last winter, but we’re not putting a percentage and we don’t have a number for it,” he told Reuters.