{"id":130099,"date":"2022-08-12T18:00:00","date_gmt":"2022-08-12T18:00:00","guid":{"rendered":"https:\/?p=130099"},"modified":"2022-08-12T22:40:41","modified_gmt":"2022-08-12T22:40:41","slug":"ryanair-announces-the-end-of-flights-at-10-euros","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2022\/08\/ryanair-announces-the-end-of-flights-at-10-euros.html","title":{"rendered":"Ryanair announces the end of flights at 10 euros"},"content":{"rendered":"\n

Ryanair <\/strong>CEO Michael O’Leary said on Thursday that with oil prices rising, the low-cost Irish airline will no longer offer plane tickets at 10 euros or less.<\/p>\n\n\n\n

“I don’t think we’ll have any more \u20ac10 notes, because oil prices are so much higher since the Russian invasion of Ukraine,” O’Leary told the BBC.<\/p>\n\n\n\n

\u2192 Ryanair carried 16.8 million passengers in July.<\/a><\/em><\/strong><\/p>\n\n\n\n

The CEO of the Irish company announced that the average prices of flights will increase between 10 and 50 euros in the next five years.<\/p>\n\n\n\n

This, given the fare structure of low-cost airlines, with many surcharges, especially for baggage, could quickly raise the total cost of a round trip to several hundred euros or pounds and undermine demand.<\/p>\n\n\n\n

The rise in oil prices in the last year (+36% for Brent) is especially weighing on the costs of low cost airlines compared to traditional companies.<\/p>\n\n\n\n

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