Low Cost & Regional Airline Business September/October 2022

Airlines face the bleakest of winters following a summer of cancellations and rising costs. Ryanair chief executive Michael O’Leary said this summer that the likes
of the Irish low-cost carrier’s famed cheap promotional fares will not be seen anytime soon with its average fare set to rise to around €50 over the next five years from roughly €40 in 2021.

Yet it’s not all doom and gloom as many low-cost carriers are actually betting that the current cost-of-living crisis could drive passengers to spurn their more expensive legacy rivals.