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International Business Times UK
International Business Times UK
Travel
Sadhna Yadav

Ryan Air CEO Announces Air Fares May See 10% Increase

A Ryanair plane taxis at Lisbon airport (Credit: Rafael Marchante/Reuters)

Ryanair may impose an airfare hike during the upcoming holiday season, its CEO Michael O'Leary said in a press briefing on Friday.

O'Leary claimed that airfares could be increased by 10 per cent because of delays in aircraft deliveries by Boeing. "We're doing our budgets based on a fare increase of between five to 10 per cent," he said during the briefing. Last year, the airline's fare prices saw a 17 per cent increase.

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