Ryanair CEO says the era of €10 flights is over

By: Trademagazin Date: 2022. 08. 11. 10:49

The airline’s average fare would rise from around €40 (£33.75) last year to roughly €50 over the next five years, he told the BBC.

But he says he believes people will continue to fly frequently, despite the rising cost of living.

“There’s no doubt that at the lower end of the marketplace, our really cheap promotional fares – the one euro fares, the €0.99 fares, even the €9.99 fares – I think you will not see those fares for the next number of years,”

– O’Leary told BBC Radio 4’s Today programme.

The rise in fuel costs that is pushing up air fares, is also raising household energy bills, eating into people’s disposable incomes. But the airline boss said, despite that, he expects customers to seek out lower-cost options rather than cut back on flights.

BBC