Holidaymakers could no longer be able to bag mega-cheap deals with budget airline Ryanair as fuel prices surge. The budget airline’s boss warned that it won't be able to put on promotional offers such as its one euro and 10 euro deals in the future.
Ryanair’s average fares are expected to rise by around 10 heroes over the next five years, Michael O’Leary revealed. Prices could rise increase from 40 euros (£33.75) last year to approximately 50 euros by 2027, Birmingham Live reports
In an interview with BBC Radio 4’s Today programme, Mr O’Leary said: “There’s no doubt that at the lower end of the marketplace, our really cheap promotional fares – the one euro fares, the 0.99 euro fares, even the 9.99 euro fares – I think you will not see those fares for the next number of years.”
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Although the soaring fuel prices which are impacting the airline’s fares are also wreaking havoc on people’s disposable incomes, Mr O’Leary is confident the number of customers will remain steady. Instead, he believes travellers will flock en masse to lower-cost 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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