Ryanair boss Michael O’Leary has said that airline prices will increase as passengers rush to holiday in Europe in summer 2022.
O’Leary said that there’ll be a huge demand for holidays but that there’ll be fewer flights meaning higher prices for both flights and hotels.
In an interview with The Sunday Times, O’Leary said: “I think there will be a dramatic recovery in holiday tourism within Europe next year.
“And the reason why I think prices will be dramatically higher is that there’s less capacity.
“Take out Thomas Cook, Flybe, Norwegian – Alitalia’s reducing its fleet by 40%.
“There is going to be about 20% less short-haul capacity in Europe in 2022 with a dramatic recovery in demand.”
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