The days of jetting off at a discounted price will be soon over as Ryanair’s Michael O’Leary has said that €10 flights will be no more.
Ireland’s most famous businessman has admitted customers on short-haul European flights won’t be able to get the regular cheap prices for the next few years. Plane tickets are set to be impacted as fuel prices continue to soar internationally.
He told the BBC: “There's no doubt that at the lower end of the marketplace, our really cheap promotional fares - the €1 fares, the 99c fares, even the 9.99 euro fares - I think you will not see those fares for the next number of years.”
Read more: Man going on Barcelona holiday discovers he's on wrong Ryanair plane headed for Dublin
Mr O’Leary estimates that Ryanair’s fares would rise from the average of €40 to €50 by 2027. But he has also predicted that Ryanair will be more attractive to travellers when flying becomes more expensive as lower-cost options will still be popular.
He continued: “We think people will continue to fly frequently. But I think people are going to become much more price sensitive and therefore my view of life is that people will trade down in their many millions.”
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