Aug 11, 2022

Ryanair boss O'Leary says the era of €10 flights is over

The airline's average fare would rise from around €40 last year to roughly €50 over the next five years, he told the BBC.But he said he believed people would continue to fly frequently, despite the rising cost of living. "There's no doubt that at the lower end of the marketplace, our really cheap promotional fares - the one euro fares, the €0.99 fares, even the €9.99 fares - I think you will not see those fares for the next number of years," Mr O'Leary told BBC Radio 4's Today programme. "We think people will continue to fly frequently. 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." As demand for air travel has bounced back, staff shortages at airlines and airports have lead to delays and cancellations, in the UK and abroad. Passengers have been forced to wait for hours, or reschedule travel at the last minute. In the first six months of 2022, Ryanair cancelled 0.3% of flights, compared with British Airways' total of 3.5%, and Easyjet's 2.8%, according to air travel consultancy OAG.Mr O'Leary said he had "Very little sympathy" for the airports, saying they knew schedules months in advance and that security staff, which are the responsibility of the airports, required less training than pilots.

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