Good news for passengers beyond Irish company. Prices of flights offered by Ryanair will go down “from 10% to 15% over at least the next two years,” according to its CEO.
“In 2016 we should be at 40 euros the average ticket” against 46 euros now, Michael O’Leary said in an interview with Journal du Dimanche .
“This is the result of the drop in oil prices that we will pass,” he justified. “We also continue to see the number of passengers we carry increase and lower our costs.”
Of the twelve months ended in late March, Ryanair has seen its traffic grow by 11% to 90.5 million passengers. The company expects to exceed the 100 million annual passengers as of next year and aims to reach 160 million by 2024.
“Our aircraft are new “
The decrease in fuel consumption and the increase in the number of seats in the new devices, as well as obtaining prices” interesting “from the airports” who want to develop, “part also reducing costs, said Michael O’Leary.
The policy of low prices is not done at the expense of safety, assured the boss of Ryanair. “We have always been blameless on the subject. The first reason is that our planes are new” with an average fleet age of 5 years.
The last “grows 10% per year depending on the delivery schedule from Boeing,” said the CEO. “I would also like to buy Airbus but we never managed to agree on prices,” he remarked.
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