The head of the airline Ryanair says that in the coming years there will be no flights for less than ten pounds (about 12 euros), due to high fuel prices.
Ryanair CEO Michael O’Leary warned today that the time for flights at €10 is over, due to rising energy prices, which have accelerated with the war in Ukraine.
I don’t think there will be flights at €10 because oil prices are much higher since Russia invaded Ukraine. […] I don’t think we’ll see those prices in the next few years.”
Low-cost airlines such as Ryanair or its British rival Easyjet have revolutionized aviation over the past 20 years, bringing prices down and spurring growth in short-haul travel.
According to Michael O’Leary, average ticket prices on Ryanair are expected to rise by around €10 to €50 per flight over the next five years.
However, the official said he believed demand for air travel would continue and that even with consumers’ budget constraints, low-cost airlines would “do well.”
In the same interview, O’Leary also protested Brexit, which has reduced European workers’ access to the UK, where they previously held hundreds of thousands of jobs.
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