Ryanair’s trademark 99p and £10 flight fare are being scrapped for a “number of years” due to soaring fuel prices, according to the budget airline’s CEO. During an interview with BBC Radio 4’s Today programme, Michael O’Leary said he anticipated Ryanair’s average fare to rise by about £8 over the next five years, from £34 to roughly £42 by 2027.
The Irishman told the broadcaster : “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.”
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.
