Image Source: Mirror
As a result of the rising fuel cost, the CEO of Ryanair has acknowledged that the airline won’t be able to continue offering flights at rock bottom costs.
According to CEO Michael O’Leary, the age of the €10 ticket is ended.
He told the BBC that over the next five years, the airline’s average fare would go from approximately €40 (£33.75) last year to approximately €50.
But despite the increased expense of living, he asserts that he thinks people will continue to fly regularly.
The increase in household energy expenses that is causing airfares to climb also reduces people’s disposable earnings. However, the head of the airline claimed that despite this, he still anticipates consumers to look for less expensive options rather than cancel flights.
In recent years, as air travel has grown more affordable, more people have taken flights in addition to having annual vacations and short trips overseas. As a result, airlines like Ryanair, Easyjet, Vueling, and Wizz Air have competed to provide low-cost, basic services.
Commercial aviation presently contributes 2.4% of the world’s CO2 emissions, and there is pressure on the industry to lessen its influence on the environment through initiatives like campaigns to encourage rail and road travel.
The focus on lowering emissions from air travel, according to Mr. O’Leary, is “misplaced,” as he said that shipping and road transport are the two sectors that contribute to CO2 emissions more than any other.
Although Ryanair was making investments in more fuel-efficient planes, he claimed that switching from gasoline and diesel to electric road vehicles would result in far bigger reductions in the consumption of fossil fuels.
People have shown an eagerness to board planes after the Covid epidemic, which significantly hampered international travel.
However, as demand for air travel has increased, staff shortages at airports and airlines have resulted in delays and cancellations both domestically and internationally. As a result, some travelers have been required to wait for hours or make last-minute travel arrangements.
According to Mr. O’Leary, Ryanair was “part lucky and part brave” in its choice to begin hiring and preparing pilots and cabin crew last November, when the Omicron variant still impacted international travel. As a result, Ryanair was able to handle the situation better than other airlines.
According to air travel consultancy OAG, Ryanair canceled 0.3% of flights in the first half of 2022, as opposed to British Airways’ 3.5% and Easyjet’s 2.8%.
Mr. O’Leary claimed that he had “very little sympathy” for airports, claiming that they were aware of schedules months in advance and that security personnel under their control needed less training than pilots.
He charged Heathrow with “mismanagement” for limiting the number of travelers using the airport this summer.
Although Mr. O’Leary expressed “hope” that the issues at UK airports will be rectified by next summer, he warned that Brexit would continue to make it difficult to find qualified candidates.
The cap was previously defended by Heathrow, who claimed it was required to deliver dependable and secure services.
The airport said the cap was working and that July had witnessed “improvements to the customer experience” – with fewer last-minute cancellations and greater aircraft punctuality and baggage management. The airport published its most recent traffic data on Thursday.
88% of travelers, it claimed, were now getting through security in 20 minutes or less. It further stated that since last November, 1,300 workers have been hired at the airport and that “security resource is back at pre-pandemic levels.”
According to the Airport Operators Association, airports have generally been hiring workers since late last year, and the majority of passengers are currently traveling with little difficulty.
Despite having its headquarters in Dublin, Ryanair offers hundreds of routes to and from the UK.
Ryanair blames Brexit for the aviation industry chaos
Mr. O’Leary said that Britain’s exit from the EU had been a “disaster for the free movement of labor” and urged the government to “be honest and own up” to its role in the labor shortages.
Mr. O’Leary asserted that the UK labor market was “fundamentally broken” and that it was time for the country to consider undoing “some of the foolishness of Brexit.” Including, the signing of a free trade agreement with the EU, which would allow for the free movement of workers, was expected to be the next UK prime minister’s top priority.