Michael O’Leary warns of rising cost of fuel and says policymakers need to get inflation back to about 2%
The boss of Ryanair has warned the era of ultra-low airfares is over and said Brexit is partly to blame for a shortage of airport workers that has created chaos during the peak holiday period.
The airline’s chief executive, Michael O’Leary, said surging oil prices would make it impossible to keep offering promotional tickets for less than €10 (£8.50). He added that Ryanair’s average fare would rise from about €40 towards €50 over the next five years as the company adjusted to rising inflation.