Core Viewpoint - Ryanair has raised its full-year growth forecast due to a 4% increase in average fares and a 9% rise in revenue, expecting fares to exceed their 7% growth target by 1 to 2% driven by strong consumer demand [1]. Financial Performance - Average fares increased by approximately 4% in the third quarter, while revenue grew by 9% [1]. - Full-year fare guidance has been adjusted from a 7% growth target to an 8% to 9% growth target [6]. - Full-year traffic guidance has been revised from 207 million passengers to 208 million passengers [6]. Market Dynamics - The airline industry is experiencing a supply constraint, which is contributing to higher airfares. Delays in aircraft deliveries have impacted the overall supply [7]. - The current delivery schedule for aircraft is not expected to significantly change the capacity outlook for summer 2026 [9]. Competitive Landscape - Ryanair's public feud with Elon Musk over the refusal to install Starlink's Wi-Fi has inadvertently boosted ticket sales, with a reported increase of 2% to 3% in bookings over the last five days [4]. - The CEO of Ryanair expressed gratitude towards Musk for the publicity generated from their feud, which has led to a significant increase in ticket sales [3][4].