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Ireland's Ryanair: says 10 euro flights are over due to fuel prices

Robert Besser
12 Aug 2022

DUBLIN, Ireland: The flying public will not be seeing Ireland-based Ryanair's trademark 1 and 10 euro fares for a "number of years," according to company CEO Michael O'Leary.

O'Leary noted that increased fares are primarily due to soaring fuel prices.

O'Leary said he expects Ryanair's average fare to rise by about 10 euros over the next five years, from some 40 euros in 2021 to 50 euros by 2027.

"There's no doubt that at the lower end of the marketplace, our really cheap promotional fares - the 1 euro fares, the 99c fares, even the 9.99 euro fares - I think you will not see those fares for the next number of years," he said, as reported by the BBC.

While soaring inflation has resulted in the public having less money to spend on leisure, O'Leary said he believes the number of Ryanair customers will remain steady.

In fact, he said, just because there is less money available, the traveling public will seek out less expensive alternatives, such as Ryanair and EasyJet.

"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."

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