Ryanair CEO Signals the End of Low Airfares

Image Source: Mirror

Due to the rising fuel cost, CEO of Ryanair has said that the low-cost airline would no longer provide flights at absurdly low prices.

According to CEO Michael O’Leary, the €10 ticket’s heyday is ended.

He told the BBC that over the next five years, the average fare for the airline would go from about €40 (£33.75) last year to about €50.

However, he asserts that despite the increased living expense, he thinks people will continue to fly frequently.

The increase in fuel prices that are rising airfares also increases household energy costs, reducing people’s disposable incomes. The airline’s CEO, however, stated that he anticipates customers to look for less expensive alternatives as opposed to reducing their flying schedule.

A greater number of people are taking short trips overseas in addition to a yearly vacation as a result of falling airfares in recent decades. As a result, several airlines have competed to provide low-cost, basic services, including Ryanair, Easyjet, Vueling, and Wizz Air.

The sector is under pressure to lessen its influence on the environment, including initiatives to urge consumers to switch to train and road travel. Commercial flights currently contribute around 2.4% of the world’s CO2 emissions.

The focus on lowering emissions from air travel, according to Mr. O’Leary, is “misplaced,” as road transport and shipping are said to contribute to CO2 emissions more than they do overall.

The switch from gasoline and diesel to electric road cars, he claimed, would result in bigger reductions in the usage of fossil fuels than Ryanair’s investments in more fuel-efficient airplanes.

People have demonstrated a strong desire to board aircraft following the Covid epidemic, which severely interrupted international travel.

Read Also: Flight cancellations cause pandemonium and chaos in the UK 

Ryanair CEO blames airport chaos on Brexit

However, as demand for air travel has increased, airline and airport worker shortages have resulted in delays and cancellations both within the UK and beyond. As a result, some travelers have been required to wait for hours or abruptly reschedule their travel plans.

Mr. O’Leary claimed that Ryanair had handled the problem better than other airlines because it had been “part bold and part lucky” to start hiring and training pilots and cabin crew in November of last year when the Omicron variant was still having an impact on international travel.

Ryanair only canceled 0.3% of flights in the first half of 2022, compared to British Airways’ 3.5% and Easyjet’s 2.8%, according to air travel consulting firm OAG.

The airports, according to Mr. O’Leary, had “very little sympathy” for them because they knew schedules months in advance and that security personnel, who work for the airports, needed less training than pilots.

He charged Heathrow with “mismanagement” because the airport has limited the number of travelers arriving during the summer.

While expressing “hopefulness” that the issues at UK airports would be handled by next summer, Mr. O’Leary warned that Brexit would continue to make it difficult to find qualified candidates for positions.

Previously, Heathrow justified the cap, claiming it was required to offer a dependable and secure service.

The airport stated that the cap was effective and that July had witnessed “improvements to the passenger experience” due to fewer last-minute cancellations, better aircraft punctuality, and better baggage management.

It claimed that 88% of travelers were now getting through security in 20 minutes or less. Since last November, 1,300 workers have been hired at the airport, and “security resource is back at pre-pandemic levels,” it was said.

According to the Airport Operators Association, most passengers are currently traveling with little inconvenience because airports, in general, have been hiring workers since late last year.

Despite its headquarters being in Dublin, Ryanair has hundreds of routes going into and out of the UK.

Mr. O’Leary called on the government to “be honest and face up” that labor shortages were a result of Britain’s exit from the EU, saying it had proven to be a “disaster for the free movement of labor.”

Mr. O’Leary claimed that the UK should consider undoing “part of the foolishness of Brexit” since the country’s labor market was “fundamentally dysfunctional.” According to him, the future UK prime minister should make a free trade agreement with the EU, which includes labor mobility, a top priority.

Opinions expressed by San Francisco Post contributors are their own.

Jennifer Smith

A social-media savvy and works as an IT consultant on a communication firm in Los Angeles. She manages her blog site and a part-time writer.

Leave a Reply

Your email address will not be published.