Ryanair Signals Strong Demand for European Summer Travel (3)

Ryanair Holdings Plc is seeing robust travel demand this summer, with fares rising and Europeans booking holidays within the region for this year’s high season.

“The whole of Europe seems to be traveling,” Chief Executive Officer Michael O’Leary said in a Bloomberg Television interview after reporting annual results. “There is a reluctance to go transatlantic at the moment.”

Average ticket prices this quarter have risen in the mid-teens in percentage terms from a year earlier, and fares are up in a mid-single digit range for the period that ends in September, O’Leary said. The shares rose to record levels.