Michael O’Leary said Ryanair’s average fare would probably go up from €40 last year to €50 over the next five yearsThe era of heavily discounted flights has come to an end, according to the boss of Ryanair. Michael O’Leary, chief executive of the airline, says rising fuel costs mean the average price of fares for customers is likely to increase and the airline will no longer offer super-cheap promotional prices. However, he says he still expects high demand for flying to continue. SponsoredSpeaking to the BBC, he said Ryanair’s average fare would probably go from €40 last year to €50 over the next five years. “There’s no doubt that at the lower end of the marketplace, our really cheap promotional fares — the one-euro fares, the €0.99 fares, even the €9.99 fares — I think you will not see those fares for the next number

Source: The Times August 11, 2022 23:23 UTC