Ryanair’s trademark one euro and 10 euro fares is not going to be seen for a “number of years” as a consequence of hovering gas costs, the price range airline’s boss has stated.
In an interview with BBC Radio 4’s Today programme, Michael O’Leary stated he anticipated Ryanair’s common fare to rise by about 10 euros over the subsequent 5 years, from round 40 euros (£33.75) final 12 months to roughly 50 euros by 2027.
He informed 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.”
Although the hovering gas costs that are impacting the airline’s fares are additionally wreaking havoc on individuals’s disposable incomes, Mr O’Leary is assured the variety of prospects will stay regular.
Instead, he believes travellers will flock en masse to lower-cost options comparable to Ryanair and EasyJet.
“We think people will continue to fly frequently,” he stated.
“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.”
Source: www.impartial.co.uk