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|Lower Air Fares on the Way, Says Ryanair Boss |
- OíLeary predicts the rest of this year will have the cheapest seats ever
EVEN cheaper cheap flights are on the cards in the coming months, according to Michael O'Leary, the boss of low-cost airline Ryanair.
"It is never going to be cheaper to fly across Europe than this summer and winter," O'Leary predicted.
In common with other airlines, Ryanair, which flies out of Gatwick, Luton and Stansted, has experienced a fall in the proportion of its seats sold, known in the industry as the 'load factor'.
Ryanair's load factor fell from 82 to 80 per cent, while British Airways also reported a decline, from 74.8 to 73.5.
The obvious way to increase the load factor is to cut prices and thatís what O'Leary plans to do.
"We will respond with even lower fares," said O'Leary. "We have never yet lost money by reducing fares to the travelling public."
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