STORY: Ryanair warned on Monday of weakness in ticket prices during its peak summer months.
But the budget airline also said the threat of fuel shortages was falling back.
It cited suppliers adapting to the ongoing closure of the Strait of Hormuz.
The carrier said last week it didn't expect disruption to jet fuel supplies in Europe this summer.
Though it cautioned its profit might come under some pressure if oil prices stayed high for longer.
The airline also said it's now "increasingly confident" there won't be disruption to jet fuel supplies even after the summer.
But earlier forecasts of a low-single-digit-percentage increase in fares during the peak summer months have fallen away.
Ryanair said pricing fell by a mid-single-digit percentage in the April-June quarter.
And it was "trending broadly flat" for the July-to-September period.
The comments came as Ryanair reported a record profit for the fiscal year that ended in March.
It saw an after-tax profit of $2.63 billion for the fiscal year - just ahead of analyst projections.
Ryanair shares were down 3% after Monday's update.
