Ticket prices are likely to rise because airlines are not getting enough of the planes they have ordered due to technical problems at Boeing and Airbus and there is a great desire to travel, estimates Ryanair boss Michael O’Leary. The Irish low-cost airline is still turning to gas in Vienna and expanding its offering.
Ryanair boss Michael O’Leary estimates that flying away in the summer will become about ten percent more expensive. Depending on the development of the kerosene price, the increase may be smaller or larger. The reason is that Boeing can currently only supply the 737 Max and Airbus the 320neo in small numbers due to technical problems. However, the airlines had ordered many more aircraft and had already adjusted their flight plans accordingly. At the same time, the demand for travel continues to increase significantly. There are already good bookings until June, says O’Leary.
The Irish are therefore increasing their offer from Vienna by four (Rijeka, Split, Tirana, Olbia) to 84 destinations. Tickets are available at the start from 24.99 euros. The number of passengers is expected to increase by 15% to 7 million. Compared to 2019, this would be an increase of 160%. Even more would be possible if the airport were to lower its rates. Vienna is one of the ten most expensive in Europe. The other two domestic airports, Salzburg and Klagenfurt, recently contributed a total of 300,000 passengers to Ryanair.
The low-cost airline still earns well. The average revenue per ticket is 45 euros, plus 20 euros for baggage fees, seat reservations, etc. However, your own costs are only 31 euros per seat. For comparison: Wizzair comes to 47 euros per passenger, Lufthansa to 167 euros, calculates Andreas Gruber, the Austrian boss of Ryanair.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
