London

2022

TRANSPORTATION / TOURISM

Ryanair: End of the 10 Euro tickets

With energy prices flaring up, accelerated by the war in Ukraine, the days of €10 or cheaper airfares are over, warns the head of low-cost airline Ryanair, Michael O'Leary.

"I think there will be no 10 Euro tickets anymore because oil prices are much higher after Russia invaded Ukraine. Our really cheap deals, I don't think we'll see those prices again for a number of years," he told BBC Radio 4 today.

Over the past 20 years, low-cost airlines such as Ireland's Ryanair or its British competitor Easyjet have shaken up air travel and "shattered" prices, contributing to a surge in short-haul travel, mainly city trips for the weekend.

And, according to O'Leary, average ticket prices on Ryanair are expected to increase over the next 5 years by around €10, to around €50 per route.

This, given the many extra charges of low-cost airlines mainly for baggage, could quickly cause the total cost of a return trip to rise by hundreds of euros or pounds and undermine demand.

Michael O'Leary, however, wants to believe that demand for air travel will be sustained and that "low-cost" carriers will be able to cope.

Today he also succeeded against Brexit, which significantly reduced the access of European workers to the UK, where they previously held hundreds of thousands of jobs.

"The labor market is very tight, particularly for unskilled jobs in the hospitality sector and catering, distribution and agriculture, as well as security and baggage handlers at airports," the Ryanair chief stressed.

"And if there was any honesty in (outgoing Prime Minister Boris) Johnson's government, they would admit that Brexit was a disaster for the free movement of workers and that one of the main problems facing the British economy at the moment is a lack of workers," he added.

tags: Tourism International Transportation

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