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Ryanair announces a 5-10% increase in ticket prices this summer


The low-cost airline, which raised its head in the third quarter of 2022, forecasts strong demand, in particular thanks to the lifting of health restrictions.

Globetrotters will have to get their hands on the wallet.

Irish low-cost airline Ryanair's ticket prices are expected to rise 5 to 10% next summer compared to 2022, amid high inflation, chief executive Michael O'Leary said on Wednesday.

"I think that this summer ticket prices will increase by 5 to 10%" compared to last summer, he explained at a press conference in Lisbon (Portugal).

Last August Michael O'Leary announced the end of the 10 euro ticket, which was one of his big marketing moves, to cope with the increase in the price of kerosene.

"Our really cheap promotional fares - the one euro fares, the 0.99 euro fares, even the 9.99 euro fares - I don't think you'll see those fares in the next few years," he said. warned.

Read alsoTourism: will the price of plane tickets increase due to the rise in kerosene?

The Irish carrier is doing better after suffering the difficult post-pandemic period and announced on Monday a net profit of 211 million euros in the third quarter shifted from the financial year 2022/2023, driven by the rebound in demand in particular for the period. end-of-year celebrations, against a loss of 96 million euros a year earlier.

And for this summer, Ryanair forecasts "strong demand" driven in particular by the Asian market after the lifting of health restrictions in China and by American customers "who benefit from a strong dollar", he added.

Development in Portugal

The airline also announced 19 new destinations (Barcelona, ​​Rome or Toulouse) from or to Faro (south) and Porto (north) airports in Portugal.

Ryanair, which will then have a total of 164 destinations from Portugal, specifies however that it will not be able to grow in Lisbon "due to the absence of take-off slots" available due, among other things, to the saturation of the airport. and “airport tax increases”.

Portugal could also host Ryanair's new training center in the Porto region (north), the Ryanair manager said, adding that the decision will be known in the coming weeks.

Source: leparis

All business articles on 2023-02-01

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