Stock Groups

Ryanair CEO sees ‘significantly’ higher plane ticket prices next summer By Reuters


© Reuters. Ryanair CEO Michael O’Leary talks to Reuters during a interview at Ryanair Headquarters in Dublin, Ireland on September 16, 2021. REUTERS/Clodagh Kilcoyne

DUBLIN (Reuters) – Ticket prices for short-haul flights across Europe next summer will be significantly higher than they were before the COVID-19 pandemic, Ryanair Chief Executive Michael O’Leary told Reuters on Thursday.

O’Leary stated that bookings for the next months will be “patchy”, and there would be periods of high demand during October school holidays, as well as Christmas. Current prices are low.

O’Leary spoke out after the annual general meeting to say that “prices will rise during October and Christmas” and that the market for short-haul flights across Europe is 20% smaller than it was pre-COVID.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs include futures, stocks, indexes and Forex. Prices are provided not by the exchanges. They are provided by market makers. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.