THE boss of Ryanair has warned that flight prices are likely to go up again this year.
The low-cost airline’s Michael O’Leary said last year that fares would go up by 20 per cent.
GettyFlights are going to cost more this summer, according to the Ryanair boss[/caption]
This summer, he warned, is likely to see similar rises.
Mr O’Leary told the Telegraph: “There’s going to be a second year of low double digits price inflation, because there is no capacity.
“I think this year there is a reasonable prospect… [during] the summer average air fares will be up 10-15 per cent again.”
The average price of a Ryanair flight is around £33, which would increase to nearly £40 with the 15 per cent increase.
The price increase means a family of four would be paying £160 instead of £132 for their flights.
Many airlines are still struggling to resume pre-pandemic capacity.
And UK airline Flybe went bust earlier this year, further reducing capacity in the airline market.
Mr O’Leary added: “There is no capacity growth in Europe this year, [and] huge demand recovery.”
He previously said that these cheap flights, which are as little as £9.99, won’t be seen for years due to oil prices.
Instead of flights under a tenner, Ryanair’s spring flight prices often start at £29.99.
And that’s not the only reason your flights are to get more expensive.
New rules being put in place by the European Union to cut carbon emissions in a bid to tackle climate change.
The EU is hoping to increase levies for “carbon-intensive industries” forcing them to pay extra for their pollution and analysts predict a rise in ticket prices of as much as €10 (£8.84) per person per return flight.
GettyCheap fares of £9.99 no longer exist[/caption] Read More