Connect with us

Hi, what are you looking for?


Ryanair boss: €10 flight era is over

Soaring fuel prices mean Ryanair will no longer offer dirt-cheap flights, Ryanair’s Chief Executive Michael O’Leary said Thursday.

“There’s no doubt that at the lower end of the marketplace, our really cheap promotional fares — the €1 fares, the €0.99 fares, even the €9.99 fares — I think you will not see those fares for the next number of years,” O’Leary said in an interview with BBC Radio 4’s Today program.

O’Leary said he expected Ryanair’s average fare to rise from around €40 last year to roughly €50 over the next five years.

Although he admitted that the rising costs of fuel are impacting people’s disposable income, O’Leary said he’s confident the airline’s passenger numbers will remain steady, as lower-cost options will still be popular.

“We think people will continue to fly frequently,” he said. “But I think people are going to become much more price sensitive and therefore my view of life is that people will trade down in their many millions.”

Click to comment

Leave a Reply

Your email address will not be published.

You May Also Like


Press play to listen to this article Splits in the governing U.K. Conservative Party burst into the open Sunday as senior Tory Michael Gove...


Press play to listen to this article A long-running campaign to oust World Bank President David Malpass — led by climate hawks within the...


Joseph Webster is a senior fellow at the Atlantic Council’s Global Energy Center and edits the China-Russia Report, an independent newsletter. This article represents...


The U.N.’s aviation agency on Saturday voted against keeping Russia as a member, excluding Moscow from an important international decision-making body. Russia failed to...


Press play to listen to this article The energy emergency gripping Europe will be a long haul — and next winter could be even...


Inflation in the eurozone reached 10 percent in September, setting a new record, according to preliminary data released by Eurostat on Friday. Inflation in...

Industrial Policy

Press play to listen to this article Europe is sliding into recession as persistently high inflation and economic uncertainty stifle spending and energy blackouts...


Press play to listen to this article A startling undersea attack on Europe’s gas pipelines has officials deliberating how to better defend a vast...