The CEO of Europe’s largest low-cost airline said cheap travel prices won’t even come back The summer holiday season is over, and the era of super cheap tickets is over.
The CEO of Ryanair, the largest airline in Europe in terms of number of airlines, said: Passengers The era of super cheap air travel is over.
Speaking on the BBC, Michael O’Leary added: “I don’t think it will be There are €10 flights anymore, because oil prices are much higher as a result of the Russian invasion for Ukraine.
The average ticket price on low-cost Ryanair last year was 40 euros Only, but O’Leary assures that these prices will rise and will no longer be available in the market later.
“We think 40 euros should go up to regarding 50 euros over the five years,” he added coming. So the average fare of £35 in Britain would probably go up to £42 Or £43.
Ryanair is known for its fast, low-price sales, but these prices are now believed to be unsustainable In the current situation, according to O’Leary.
The CEO says: “There is no doubt that at the lower end of the market our promotional rates are The cheap one that was 1 euro, 99 cents, even 9.99 euro, I think we We will not see these prices for several years to come.”
The airline, Ryanair, said it is currently operating as usual with “no plans to limit number of passengers” in the past few months, which have been chaotic for airports and airlines.
Europe’s major airlines have made adjustments to their schedules due to strikes and staff shortages.
