Meanings of average fares in English

He said while fuel was rising, average fares were also falling.

With just over half of fares being unregulated, will average fares soar away?

Mr O'Leary told shareholders he sees average fares falling about 20 per cent in the financial year.

Over the period average fares including charges were 4 per cent lower at €47.

Under the formula, average fares in England are due to go up by July's RPI measure of inflation, plus 1%.

Ireland's Ryanair said that average fares would be lower than expected during the summer because of intense competition and uncertainty caused by strikes.

Mr O'Leary made his comments in an interview with Bloomberg Television, adding that average fares would decline this winter by 20 per cent.

Under the formula, average fares in England and Wales are due to go up by July's RPI measure of inflation, plus 1%.

It predicted average fares would drop by 13-15% in the six months to the end of March.

Ryanair's share price fell by 4.5 per cent yesterday to €5.35 on investor concerns about a decline in average fares.

The warnings followed projections that average fares would decrease by 9 per cent for the remaining months of its fiscal year, ending in March 2014.

This was due to an operating loss in Thailand, where a 14 percent cut in average fares offset a 12 percent improvement in passenger volumes.

Transport for London announced average fares across its services would rise by 3.1%, the rate of inflation, instead of the RPI+1% increase that was anticipated.

Average fares should be able to rise by a maximum of 4.8 per cent in the coming year, the report also recommends.