Ryanair (RYAAY) said Monday a surge in demand for air travel across Europe would lead to a rebound in prices and an increase in profits from last year, multiple news outlets reported, citing company officials.
"Demand is robust all across the network," Chief Financial Officer Neil Sorahan was cited as saying by Reuters. "We operate into 37 different countries. We're seeing strong summer demand everywhere."
"The whole of Europe seems to be traveling," Chief Executive Officer Michael O'Leary was cited as saying by Bloomberg. "There is a reluctance to go transatlantic at the moment."
Shares of the discount carrier were up 5% in recent premarket activity Monday.
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