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Ryanair boss warns of skyrocketing flight costs and airport delays this summer

Ryanair CEO Michael O’Leary has warned that prices for flights this summer could rise as demand for European holidays rises after pandemic restrictions are lifted

A Ryanair plane in flight on a cloudy day
Ryanair warns of airport delays this summer

The boss of budget airline Ryanair has warned that flight prices will rise this summer due to increased demand for European holidays.

Michael O’Leary, the Irish airline’s CEO, said it could become “more challenging” for passengers to get through airports in the coming months.

He urged holidaymakers to prepare for holiday prices rising by a “high single digit percentage” during the peak travel season.

His warnings come amid chaos at airports such as Manchester and Birmingham, where lockdown demand has been taking a serious toll on workforces in recent months.

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Michael O’Leary has warned of price increases
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Mr O’Leary told BBC Radio 4’s Today program that demand for European beach holidays has skyrocketed thanks to the lifting of pandemic travel rules.

He also claimed that this has coincided with too many job losses at Heathrow and Manchester airports.

He added: “There is no doubt that getting through airports will be challenging this summer and we encourage all our customers to show up earlier to allow more time to get through airport security, especially in Manchester.”

Ryanair reported losses of around £302million last year but hopes to improve to “reasonable profitability” soon.

Mr O’Leary said it was “impractical, if not impossible” to predict what would happen to holiday bookings in 2022-2023 due to Covid and the war in Ukraine.

Ryanair carried 97.1 million travelers compared to 25.7 million in 2020.

It hopes to increase that number to 165 million passengers in the current year through price cuts.

However, Mr O’Leary claimed that prices would rise in the coming months due to a predicted fall in capacity.

He continued: “I think capacity will go down 10%, 15% in general over the summer.

“For the September quarter, based on around 50% of all bookings, we are currently expecting price increases in the high single-digit percentage range.

“It seems to us that this peak summer season there will be higher prices because there is so much demand for Europe’s beaches and these price increases will continue.”

The airline warned that prices could soar above pre-pandemic levels due to rising oil costs.

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https://www.mirror.co.uk/travel/cheap-flights/ryanair-boss-warns-skyrocketing-flight-26978774 Ryanair boss warns of skyrocketing flight costs and airport delays this summer

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