{"id":132763,"date":"2022-10-25T19:30:00","date_gmt":"2022-10-25T19:30:00","guid":{"rendered":"https:\/?p=132763"},"modified":"2022-10-25T22:38:22","modified_gmt":"2022-10-25T22:38:22","slug":"ryanair-says-inflation-can-be-beneficial","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2022\/10\/ryanair-says-inflation-can-be-beneficial.html","title":{"rendered":"Ryanair says inflation can be beneficial for the airline"},"content":{"rendered":"\n

Ryanair <\/strong>CEO Michael O’Leary said Tuesday that the airline can benefit from inflation, as people will look for cheaper flight options among low-cost carriers.<\/p>\n\n\n\n

“Inflation and recession are very good for our growth because people don’t stop flying, as the booking levels show, but they are much more price sensitive, O’Leary told a press conference in Lisbon, as reported by Expresso newspaper.<\/p>\n\n\n\n

\u2192 Ryanair reaches new passenger record in September.<\/a><\/em><\/strong><\/p>\n\n\n\n

He also argued that Portugal should eliminate the carbon tax that has been applied at Portuguese airports since 2021, as it is “a huge threat to the competitiveness of peripheral economies”.<\/p>\n\n\n\n

Portugal is recording this year the highest inflation figures in the last 30 years: in September, the consumer price index (CPI) soared to 9.3%, four tenths higher than the rate recorded in August and the highest figure since October 1992, according to the Portuguese National Statistics Institute (INE).<\/p>\n\n\n\n

The Irish airline, which has been operating since 2003 in the country, today unveiled growth plans for the next 5 years, which include investing more than \u20ac20 billion in new Boeing 737 aircraft by 2026 and increasing traffic to and from Portugal by 36%, and rising from 11 million to 15 million passengers per year by 2027.<\/p>\n\n\n\n

It also explained that it plans to create more than 600 jobs for pilots, cabin crew, engineers and information technicians in Portugal through 2027 and a potential \u20ac50 million investment in a maintenance facility in Porto.<\/p>\n\n\n\n

\u2192 Ryanair announces new winter route between Cardiff and Faro.<\/a><\/em><\/strong><\/p>\n\n\n\n

However, O’Leary warned that the investments contemplated are conditional on certain aspects, such as obtaining more slots at Lisbon airport, the opening of a new airport near the capital (which still has no dates or location) and reversing the carbon tax.<\/p>\n\n\n\n

According to the airline’s figures in Portugal provided by the consulting firm PwC, Ryanair contributes more than 2 billion euros per year to the economy, which amounts to more than 15 billion impact if the 20 years it has been operating in the country are analyzed.<\/p>\n\n\n\n

The airline has carried more than 85 million passengers since 2003 to and from Portugal, contributes 80,000 jobs annually and operates 160 routes from 6 Portuguese airports, reported EFE.<\/p>\n\n\n\n

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