Ryanair boss: 10 euro fares to disappear due to rising fuel prices

Ryanair’s trademark one euro and 10 euro fares will not be seen for a “number of years” due to soaring fuel prices, the budget airline’s boss has said.

In an interview with BBC Radio 4’s Today programme, Michael O’Leary said he expected Ryanair’s average fare to rise by about 10 euros over the next five years, from around 40 euros (£33.75) last year to roughly 50 euros by 2027.

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

Ryanair boss Michael O’Leary (Jonathan Brady/PA)

(PA Wire)

Although the soaring fuel prices which are impacting the airline’s fares are also wreaking havoc on people’s disposable incomes, Mr O’Leary is confident the number of customers will remain steady.

Instead, he believes travellers will flock en masse to lower-cost alternatives such as Ryanair and EasyJet.

“We think people will continue to fly frequently,” he said.

“But I think people are going to become much more price sensitive and therefore my view of life is that people will trade down in their many millions.”

Last week, Ryanair’s chief executive Eddie Wilson told The Independent that one in five Ryanair flights this summer is being delayed by air-traffic control providers.

The CEO of Ryanair DAC said: “The major factor that’s affecting all markets, whether you’ve enough staff or you’re an airline that doesn’t have enough staff, is air-traffic control [ATC]. It is the culprit.”

Yesterday Tui, Europe’s biggest holiday company, blamed “disruptions in air traffic” for another quarterly loss.

Tui made 200 outbound flight cancellations in May and June, mainly as a result of resourcing issues involving its ground handler, Swissport, at Manchester airport.

Revealing its third-quarter results for the April-June spell, Tui said disruption had led to €75m (£64m) in “additional costs caused by the irregularities, particularly in British air traffic”.

Additional reporting by agencies.

You May Also Like

Biden Is Losing It Over Reelection Chances Against Trump, ‘Seething’ Behind the Scenes – RedState

There’s new reporting about Joe Biden, and it’s not looking good from…

Netflix Drops First Scott Pilgrim Takes Off Clip

Netflix recently dropped the first official clip for the upcoming Scott Pilgrim…

CNN’s Brian Stelter and Brian Lowry called out for a ‘total lack of professionalism’ – twitchy.com

CNN’s Brian Lowry is not happy with New York Times columnist Ross…

Georgia Dem unclear about 'Uncle Tom' origins but pretty sure the term applies to Clarence Thomas

Georgia Democrats are opposing a proposed statue to honor Supreme Court Justice…