“Ryanair” CEO Michael O’Leary has warned that the €1 and €10 ticket prices will not be visible for “several years” due to rising fuel prices, reports “Dailymail”.
Michael O’Leary said he expected Ryanair’s average fares to rise by around €10 over the next five years, from around €40 (£33.75) last year to around €50 by 2027, and that “many million “people won’t buy flights anymore.
He told BBC Radio 4’s Today programme: “I don’t think there will be ten-euro flights because oil prices are significantly higher as a result of Russia’s invasion of Ukraine.”
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