Michael O’Lear, CEO of Ryanair
Ryanair, stop to flights with bargain prices: the increases in energy prices are driving up the price of tickets
Super cheap flights? Ryanair says enough. The era of airline tickets at 10 euros or less it is over due to the trend in the price of energy. This was announced by the CEO of Ryanair, Michael O’Leary in an interview with “Bbc Radio 4“. Not only that, the CEO of the Irish low-cost company has announced that the average fare of the company should increase from around 40 euros last year to around 50 euros over the next 5 years.
“There is no doubt that for the next few years we will no longer see our really cheap promotional rates (the € 0.99 rates but even the € 9.99 rates),” he says. O’Leary. Although rising fuel costs are pushing airfare fares up, the number one of Ryanair is convinced that customers will continue to fly trying to find the lowest fares rather than giving up on travel. “We think people will continue to fly frequently. But I think people will become much more price sensitive,” he says.
Regarding global emissions of CO2 (commercial flights now account for around 2.4%), O’Leary pointed out that it is road transport and shipping that are the biggest contributors to greenhouse gases. The focus on reducing air travel emissions, he said, is “out of place”. Ryanairhe said, is investing in more fuel-efficient aircraft but greater emission reductions will really come when the switch from gasoline and diesel vehicles to those electrical.
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