Ryanair warns about costs surge
(MENAFN) Michael O’Leary, Ryanair’s chief executive, has gave a caution about knowing that more costs are coming this summer when booking flights on Ryanair.
The prices are going to reach a “single-digit percent” more than before the coronavirus ones, as said by the chief. He mentioned and we quote “demand for the beaches of Europe” through the summer months as behind the expected cost rise. He also focused on the war on Ukraine and its effect on the cost of fuel.
Reservations are almost 10 percent below the ones before the coronavirus hit.
O’Leary stated a predictable financial dip, a stubborn post-Brexit labor stock in the UK as well as “continuing uncertainty” about the energy provide is going to reach to “inevitable fuel surcharges” in every challenging aviation, however, a powerful place on jet fuel, 80 percent, permitted the aviation to keep onto offering less costs to its clients.
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