Ryanair 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.
) 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.
His bullish outlook puts the Ryanair boss at odds with peers such as Lufthansa and analysts who see a return to 2019 traffic only around 2023-4. Plane manufacturers and airline body IATA have also warned of a slow recovery from the pandemic. Ryanair backs anti-coronavirus measures including masks and temperature checks for passengers and crew, while rejecting calls for planes to fly one-third empty.
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.
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