Ryanair Sees Price War Fuelling Rapid Air Travel Recovery

• 04.17.2020, 12:23
•  World,  No-politics

news.sky.com

Ryanair (RYA.I) is steeling for an airline price war that it expects to win once coronavirus restrictions are lifted and passengers flock back to tourist destinations, Chief Executive Michael O’Leary told Reuters on Wednesday.

“Whether it’s 9.99 euros, 4.99, 1.99 or 99 cents per seat, we almost don’t care - our critical thing in the short term isn’t to make money, it will be to get our pilots and cabin crew back flying and the aircraft back in the air,” he said.

For Ryanair, nonetheless, “2021 has every prospect of being a bumper year in terms of earnings,” O’Leary also predicted. “Pricing might be lower but oil prices will be lower” and airports will cut charges to encourage traffic growth.