The looming recession is an opportunity for low-cost airline Ryanair. “Because that would make people pay more attention to the price,” Ryanair Austria boss Andreas Gruber expects. It’s like grocery shopping, where people are now increasingly shopping at discounters.
In Vienna alone, the number of passengers is expected to rise from six million this year to 6.5 million in the coming financial year. In Klagenfurt, where Ryanair will fly in November, Gruber expects 50,000 to 60,000 passengers. Bookings went as expected, especially for Stansted.
Only moderate price increase
The Irish airline, which also includes Lauda Europe, will increase its prices only moderately despite inflation. From a contemporary perspective, the average price for a Ryanair flight should increase from 40 to 50 euros in five years. But almost free flying is a thing of the past. “There will be no more ten-euro tickets,” Gruber says. The entry prices are currently 25 euros.
Petroleum-free kerosene purchased
Ryanair recently announced the purchase of sustainable, petroleum-free aviation fuel (SAF) from OMV. The Austrian mineral oil company has to deliver 160,000 tons in five years. While this is only a very small part of total consumption, Ryanair is also in talks with other suppliers and aims to cover one eighth (12.5 percent) of total fuel needs with SAF by 2030. Even when there are criticisms and doubts about SAF’s efficiency, Gruber is clear: “This is the only viable solution in the short term”. The price is still three times that of kerosene.
Source: Krone
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
