Prices of Ryanair flights to increase
Ryanair expect its prices to increase in 2022 due to delays in the delivery of 737 max planes
Its group CEO Michael O'Leary says he isn't expecting any of the models to be delivered before the end of this summer.
16 planes were due to be delivered after an electrical issue grounded the model.
Michael O'Leary says it will result in price hikes eventually:
"Well I think not in summer '21 Because you know the forward bookings are so weak. I think there will be lots of value environments there for summer 21 By the end of the winter '21 and particularly to summer 2022 When we expect to be back to our pre Covid level traffic levels. I use a real risk that prices would rise in the summer '22 because of capacity shortages."
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