Ryanair has released August traffic statistics showing traffic at the low-cost carrier grew 11 per cent to 11.5 million passengers.

At the same time load factors rose one per cent to 96 per cent.

Ryanair spokesman Kenny Jacobs said: “Lower fares post-Brexit and the continuing success of our “Always Getting Better” customer experience programme continue to deliver even more great value for our rapidly growing customer base.”

He added: “As our recent guidance confirmed, Ryanair expects average fares to fall by between ten per cent to 12 per cent in the six months to March 2017.”

Rolling annual traffic to August at Ryanair grew 16 per cent to 112 million customers.