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 was partly to blame for a shortage of airport workers that has created chaos during the peak holiday period.
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 the budget airline’s average fare would also rise from about €40 towards €50 over the next five years as the company adjusted to rising inflation.
