The boss of no-frills airline Ryanair has warned that air fares will rise amid the energy price crisis with added pressure from surging inflation. The stark warning came from Michael O'Leary who claimed the post-pandemic travel boom will be badly-hit by an anticipated recession.
Mr O'Leary claimed some airlines could struggle to survive because of recession and rising costs of fuel and energy. Speaking at the launch of Ryanair's UK winter flights schedule, he said: “You would be crazy not to be worried about a looming recession and the energy crisis. But people will not stop flying.
“Many people have to fly for work and for weddings or funerals, and in a recession people get much more price sensitive. Some people may travel less, but we’ll see more people trading down to the lowest-fare operator which is us.
