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"You will no longer see these prices": the boss of Ryanair announces the end of tickets at 10 euros

2022-08-11T07:39:07.515Z


The boss of the low cost company, however, believes that this increase in ticket prices should not affect the airline sector.


The price of low cost flights will rise.

In an interview with the BBC, the boss of the Ryanair company announced the end of flights at 10 euros, one of his biggest marketing moves.

The CEO of the Irish group, Michel O'Leary, estimated that the average price of a ticket valued at 40 euros last year will thus rise to 50 euros within 5 years, to cope with the increase in the cost 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," the boss said. the company.

But the disappearance of these unbeatable prices should not affect air traffic, he believes.

“People will continue to fly”

“We think people will continue to fly frequently.

But I think they will become much more attentive to prices, ”he judges, believing that holidaymakers will always prefer to book with low cost companies.

The latter (Ryanair, EasyJet, Vueling, Wizz Air, etc.) have been engaged in fierce competition for years to offer their services at ever more attractive prices.

As a result, the number of flights has exploded in recent decades, both on long-haul and shorter routes.

A finding regularly pointed out, in a context of ever more worrying global warming.

Read alsoAnti-aircraft summon global warming to their trial

For Michel O'Leary, the pressures aimed at the air sector would be "misplaced", arguing that road and maritime transport emit more CO2.

The boss of Ryanair is still justified, ensuring that his company continues to invest in "green planes" consuming less fuel.

After the disastrous impact of the Covid pandemic on the air sector, traffic picked up again, allowing the Ryanair group to return to profit.

The Irish company posted a positive result of 170 million euros against a net loss of 273 million a year earlier.

Proof that the group is recovering, Ryanair announced that it would hire "up to 1,000 pilots per year over the next four years" in particular to fly its new Boeing 737 MAX.

Source: leparis

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