Other major European airlines, most recently low-cost rival EasyJetEZJ.L, have all pointed to robust summer bookings, showing consumers prioritising travel despite incomes being squeezed by higher inflation. They see travel not as a luxury but as an essential and families are returning to the beaches of Europe this summer," Chief Executive Michael O'Leary said in a presentation to investors. A multibillion-dollar deal struck with Boeing this month for as many as 300 jets will allow traffic to grow to 300 million passengers a year by March 2034, Ryanair has predicted.