Michael O’Leary, CEO of Ryanair says the era of super cheap air travel is over.
“There’s no doubt that at the lower end of the marketplace, our really cheap promotional fares – the one euro fares, the €0.99 fares, even the €9.99 fares – I think you will not see those fares for the next number of years,” O’Leary told BBC Radio 4’s.
This decision is due to both the rising cost of fuel prices resulting from the Ukraine-Russia war, and the European Union’s push for airlines to invest in more fuel-efficient aircraft, in line with new environmental regulations.
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