Lower fares following the Brexit vote helped Ryanair record an 11% surge in carryings in August.

Europe’s largest budget airline flew more than one million additional passengers last month than August 2015.

Carryings grew from 10.4 million to 11.5 million with the load factor improving by one percentage point to 96%.

The August figures gave Ryanair a 16% increase in rolling annual carryings to 112 million.

Chief marketing officer, Kenny Jacobs, said: “Ryanair’s August traffic grew by 11% to 11.5m customers, while our load factor jumped 1% point to 96%.

“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.

“As our recent guidance confirmed, Ryanair expects average fares to fall by between 10% to 12% in the six months to March 2017.”