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According to Ryanair boss, tourism companies can only recover if they lower prices


Covid "will result in a cheap vacation guarantee": Ryanair boss Michael O’Leary says that tourism companies can only recover if they cut prices to get people traveling again

  • Michael O’Leary said the only way his airline can recover is to lower fares
  • When Ryanair resumed flights, he said that lower fares would be financed through cut wages
  • O & # 39; Leary said that up to 3,000 will be fired if they do not accept temporary cuts in wages

The coronavirus crisis will usher in an era of ultra-cheap European holidays, says Ryanair's chief.

Michael O’Leary said the only way his airline can recover is to lower fares for the next year or two to promote air traffic.

When Ryanair resumed flights, O’Leary said that lower fares would be financed through cut wages for its 18,000 employees.

He said up to 3,000 will be fired if they do not accept temporary cuts between 5 percent for the lowest-paid cabin crew and 20 percent for the top captains.

The pilot union Balpa said 96 percent of its Ryanair members had accepted the temporary wage cuts to "save jobs".

Michael O’Leary said the only way his airline can recover is to lower fares for the next year or two to promote air traffic

O’Leary rejected concerns that airlines would raise prices to survive, saying the opposite was true for those offering short flights through Europe.

The CEO said to the email: “We can only recover by setting much lower prices for 12 to 24 months. So we have to cut costs and lower wages. "

As long as there is no “massive second wave of the virus,” he predicted ultra-cheap tariffs and bargains offered by resorts to ensure that passenger numbers return to pre-crisis levels by next summer.

Several airlines, including British Airways and Easyjet, have announced plans to cut thousands of jobs. They warn that it will take a few years before passenger numbers return to normal levels.

But O'Leary said: & # 39; Spanish hoteliers and Portuguese resorts offer historically low prices for families in July and August.

You want to get people moving again. Short trips in Europe have never been cheaper. "

O'Leary claimed that there was pent-up demand for travel and a large number of people were simply ignoring the "idiotic" 14-day quarantine that was imposed on travel to the UK

O'Leary claimed that there was pent-up demand for travel and a large number of people were simply ignoring the "idiotic" 14-day quarantine that was imposed on travel to the UK

The airlines have launched a massive summer sale with Ryanair, which offers one-way flights for £ 9.99 to Vienna, £ 20.99 to Malaga in Spain and £ 33.99 to Biarritz in France for an additional charge.

Desperate tour operators offer record discounts of 70 pieces for trips to France, Spain, Italy and Greece.

O'Leary claimed that there was pent-up demand for travel and a large number of people were simply ignoring the "idiotic" 14-day quarantine that was imposed on travel to the UK.

He said that strict security protocols would not deter people and that the flights were 70 full so far.

"Afflicted families in Manchester, Liverpool or Glasgow have been locked up with their children for weeks," he said.

"Are we seriously suggesting that you go to Blackpool in the rain for your summer vacation, unlike the Algarve or Malaga?" You are conditioned to go to the Mediterranean towns. I don't see any change. "

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