Ryanair: Holiday prices likely to rise sharply soon

The boss of budget airline Ryanair has warned holiday prices are likely to rise sharply next year as consumer demand for travel rebounds. Ryanair is planning to open a new base at Newcastle International Airport next year, creating at least 60 aviation jobs. Its rival EasyJet meanwhile has closed its bases at Stansted, London Southend and Newcastle airports, and from 1 November, Ryanair will cease all operations at Southend, meaning no passenger planes will use the airport. Airlines have been hit hard by lockdowns and travel restrictions around the world, with many announcing job cuts. EasyJet said in May that it planned up to 4,500 job cuts as it struggled with the collapse in air travel caused by the coronavirus crisis.

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