Ryanair said on Friday that its new business model of offering a cheaper flight for the first-class cabin was helping it attract customers.
The airline has been criticized for its business model as it tries to cut costs to meet growing competition from low-cost carriers such as Air France.
The new business plan comes as Ryanair faces increasing competition from Airbus and other low-end airlines.
Ryanair says its low cost business model helps it attract people to its network of more than 5,500 routes.
It said that its average ticket price had increased by 11% to $159 from $153.
RyanAir said in a statement that the new fares would be available to book at a price of $199 for first class.
It added that it is working to reduce its costs as a result.
It will not announce the new price on Thursday.
Ryan’s new business plans came as the company faced growing criticism from its own customers and other critics for its high cost of living.
The company said it was taking steps to ensure it can continue to offer low fares, including increasing its focus on “value” travel, such as on long-haul routes to Europe.
Ryan Air’s chief executive, Alexander Bain, also said the airline is aiming to continue to expand its network as it seeks to stay competitive in the global market.
Ryan, founded in 1939, has struggled to meet its high costs of flying because of the high cost and high-risk of flying.
The U.K. airline has faced pressure to reduce costs as it prepares to merge with rival British Airways.
It announced last year that it would be merging with British Airways from 2019.