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Evening Standard
Evening Standard
Business
Simon English

Ryanair boss warns on rising costs for summer beach flights

Ryanair boss Michael O’Leary has warned flight prices will be higher this summer (Nick Potts/PA)

(Picture: PA Wire)

RYANAIR’S Covid-related losses soared past £1 billion today as it warned the cost of holiday flights will jump this summer as exhausted Brits seek out Europeanbeaches.

The low cost airline made a loss of e355 million for the year to March. That £302 million hit comes atop £860 million lost last year, taking the total for the last two years to £1.16 billion.

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