Ryanair boss abolishes cheap tickets - oil prices put an end to bargain holidays
Created: 08/11/2022, 17:25
Extremely cheap Ryanair flights should no longer exist in the future.
This was announced by boss Michael O'Leary.
The enormous rise in oil prices is to blame.
London – The airline Ryanair has been known for extremely cheap flights in recent years.
That's enough of that.
The Ryanair boss, Michael O'Leary, sees no scope for extremely cheap tariffs between one and ten euros in the coming years.
O'Leary told British radio station
BBC
4
on Thursday.
Ryanair: Oil price makes cheap flights more expensive
Average ticket prices on Ryanair would increase from €40 last year to €50 over the next five years, the Irishman said.
The reason for this is the rise in the price of oil.
However, O'Leary does not believe that people are giving up flying because of the increased energy costs.
He is betting that even more customers than before will be looking for cheap flights.
"I think people are going to become a lot more sensitive to prices and so it's my view that many millions will be looking for cheaper fares," said the Ryanair boss.
Ryanair boss criticizes airport management
Regarding the recent difficulties at British airports to cope with the number of passengers, O'Leary raised allegations against their management.
The airports would have had months to prepare.
It is the responsibility of the airports to ensure sufficient security personnel.
He attributes the fact that Ryanair recently had to cancel relatively few flights to the decision to hire and train new cabin crew and pilots in autumn despite the omicron wave in the corona pandemic.
A major problem in the UK continues to be Brexit, said O'Leary.
Leaving the EU turned out to be a "disaster" for the free movement of workers.
It is time to think about partially undoing the "stupidity of Brexit" and bringing the UK closer to the EU again through a new free trade agreement, according to the Ryanair boss.
(dpa)
