Ryanair CEO hopeful airfares will be flat next summer

$FILE PHOTO: Ryanair Chief Executive Michael O\\'Leary speaks during a press conference about Ryanair\\'s multibillion-dollar deal for as many as 300 Boeing jets at Boeing headquarters in Arlington, Virginia, U.S., May 9, 2023. REUTERS/Evelyn Hockstein/File Photo , Reuters$

FILE PHOTO: Ryanair Chief Executive Michael O'Leary speaks during a press conference about Ryanair's multibillion-dollar deal for as many as 300 Boeing jets at Boeing headquarters in Arlington, Virginia, U.S., May 9, 2023. REUTERS/Evelyn Hockstein/File Photo
Reuters

Ryanair Group CEO Michael O'Leary said he is hopeful airfares will be flat

Reuters, Reuters News

September 14, 2023

PHOTO
FILE PHOTO: Ryanair Chief Executive Michael O'Leary speaks during a press conference about Ryanair's multibillion-dollar deal for as many as 300 Boeing jets at Boeing headquarters in Arlington, Virginia, U.S., May 9, 2023. REUTERS/Evelyn Hockstein/File Photo

Ryanair Group CEO Michael O'Leary said he is hopeful airfares will be flat next summer following recent sharp rises, but a lot will depend on demand for flights and the price of oil.

Speaking ahead of the low cost airline's annual general meeting, O'Leary added that the company's shareholders had approved an order for 300 new Boeing 737 MAX 10 aircraft sealed in May. (Reporting by Conor Humphries, writing by Padraic Halpin)

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