Michael O’Leary has said the era of Ryanair’s €10 fares will soon be a thing of the past due to soaring fuel and oil prices.
In an interview with BBC Radio 4’s Best of Today programme, Ryanair Boss O’Leary said he expected Ryanair’s average fares to rise by around €10 over the next five years, from around €40 last year to roughly €50 by 2027.
It comes as O’Leary told Today’s business presenter Sean Farrington: “There’s no doubt that at the lower end of the marketplace, our really cheap promotional fares – the €1 fares, the €0.99 fares, even the €9.99 fares – I think you will not see those fares for the next number of years.”
