It’s the end of an era. With soaring energy prices, which accelerated with the war in Ukraine, the era of plane tickets sold off at 10 euros or less is over, warns the boss of the low-cost airline Ryanair , Michael O’Leary.
Exit the 10 euro note Paris – Dublin. Everyone has to tighten their belts, even the lowcost. Because between soaring fuel prices, the war in Ukraine and the consequences of the Covid-19 pandemic, some lowcost airlines are doing badly, like Raynair. Micheal O’Leary, boss of the company, warned that ticket prices would increase. “I think there will be no more ten euro notes because oil prices are much higher since Russia invaded Ukraine. Our really cheap promotions (…), I think we will not see these prices for a number of years, ”he said on BBC Radio.
Low-cost airlines such as Ireland’s Ryanair or its British rival Easyjet have shaken up air transport over the past twenty years and slashed prices, participating in a jump in short trips, in particular urban weekend getaways. end. According to Mr O’Leary, average ticket fares on Ryanair are expected to increase by around €10, to around €50 per journey over the next 5 years.