07:27 AM EDT, 05/20/2024 (MT Newswires) -- Ryanair Holdings ( RYAOF ) said Monday in a call with analysts it may be forced to lower ticket prices more than expected during the peak European travel season.

Ryanair ( RYAOF ) Chief Executive Michael O'Leary told analysts the Irish airline's price expectations now are slightly lower than previously expected.

"There's a little consumer resistance out there, and most airlines are engaged in price promotion through April, May, and June," he said in recorded remarks.

Still, he said European Union summer demand is heading in positive territory and he is cautiously optimistic about July and August "although the pricing has been a little softer than we expected," forcing the company to step up promotional fares.

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