Ryanair 'ahead of target' to recover 7% fare decline, says Michael O'Leary

Meanwhile European Commission says Spain breached regulations with fines imposed for charging extra fees on cabin bags 

Ryanair chief executive Michael O'Leary believes the airline is on track to recover its 7% fare decline from 2024 this financial year. Picture: PA

Ryanair believes it is on track to recover its 7% fare decline from 2024 this financial year, chief executive Michael O'Leary said in Madrid on Wednesday.

"The traffic is ahead of target. Fares look like they will rise by 7% for the full year," Mr O'Leary said, adding this summer's fares were "pretty much" at levels recorded in the summer of 2023.