Ryanair CEO says summer fares will be up 7%-9% on 2019 levels
BRUSSELS (Reuters) -Ryanair Group Chief Government Michael O’Leary mentioned on Tuesday bookings at Europe’s greatest finances airline are strengthening and he expects summer season fares to be between 7% and 9% greater than pre-pandemic ranges.
Talking to Reuters, he mentioned the load issue, a measure of how nicely an airline is filling accessible seats, must be round 94% in June, nearly reaching pre-COVID-19 pandemic ranges.
“And July, August, and September look very robust with greater load components and in addition greater fares,” he mentioned.
“Fares shall be up in all probability excessive single digits 7,8,9 % over summer season 2019.”
He mentioned he expects the travelling expertise for European prospects to enhance over summer season as airport administration teams “iron out” staffing shortages by way of recruitment.
A snapback in air journey has triggered lengthy queues at some British airports, in addition to Amsterdam, Dublin and Toronto, as airport managers battle to fill jobs quick sufficient.
Spanish cabin workers on Monday mentioned they may go on strike six days late June and early July, however O’Leary mentioned any disruption brought on by industrial motion was more likely to be “tiny and inconsequential”.
He mentioned there is perhaps a small variety of cancellations or delays however that the proposed strike motion has “no help”.
He mentioned there was no progress in talks with Boeing concerning the acquisition of latest plane, and he reiterated his criticism of the planemakers administration, saying that Ryanair final spoke to Boeing “two or three months in the past”.
Boeing has mentioned it offered greater than 700 MAX jets final yr and won’t do offers at unrealistic costs.
(Reporting by Clement Rossignol; writing Graham Fahy; Modifying by Kirsten Donovan and David Evans)
