Ryanair CEO Michael O'Leary announced on Thursday that average fares may rise slightly this winter. Airfares could see a significant uplift next year if high oil prices persist. O'Leary noted that the outlook for the coming months remains uncertain following a modest price upturn since July.
The airline faced a notable shareholder revolt at its annual general meeting. Investors representing 39% of shares voted against the company's remuneration policy. The policy includes a potential €150 million pay deal for O'Leary. The resolution passed with 61% approval despite the significant dissent.
Ryanair shares traded 1.2% lower in Dublin on Thursday afternoon. The company stated it will continue consulting with shareholders to address their concerns.