January 27, 2023

Wire Service Canada

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Ryanair, O’Leary: “Tickets at €10 will not exist”

Milan – The era of small prices for airline tickets is over, for several years at least. Low-cost father, Michael O’Leary, CEO of Ryanair. In an interview with BBC Radio 4 O’Leary he said that flights at 0.99 or 9.99 euros would disappear due to the expensive energy that broke out with the war in Ukraine which is also affecting the aviation sector.

In a very broad speech on inflation, O’Leary made it clear that the low-cost sector – which will fight back because people will continue to fly “frequently” – is inevitably affected by oil increases. “I don’t think there will be more flights at €10. Our average wage was €40 last year, and we’re going to €50 in the next five years. Our highly discounted promotional fares, at €1, are 0.99 or even at 9.99, I think They won’t be seen for a number of years.” However, Ryanair will continue to have “millions of seats at €19.99, €24.99 and €29.99”.

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