MILANO – The era of mini fares for airline tickets, at least for several years, is over. Word of the father of low cost, Ryanair CEO Michael O’Leary. Interviewed by BBC Radio 4 O’Leary said that flights at 0.99 or 9.99 euros are destined to disappear due to the expensive energy that broke out with the war in Ukraine and which also weighs on the aviation sector.
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by Federico Formica
July 26, 2022
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In a very broad speech on inflation, O’Leary explained that the low cost sector – which will resist because people will continue to fly “frequently” – is inevitably affected by oil increases. “I don’t think there will be more flights at 10 euros. Our average fare was 40 euros last year, we will go towards 50 in the next five years. Our super discounted promotional fares, those at 1 euro, at 0.99 or even at 9.99, I think they won’t be seen for a number of years. ” However, Ryanair will continue to have “millions of seats at € 19.99, € 24.99 and € 29.99”.
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