Are you planning a short break in Europe in 2022? Beware. Ryanair chief Michael O’Leary warned that prices will rise if passengers rush to vacation in Europe next summer.
Mr O’Leary said that this huge demand for vacations would come with fewer flights, which would mean an increase in the price of flights as well as hotels.
In an interview with the Sunday Times, he said, “I think there will be a dramatic recovery in holiday tourism in Europe next year. And the reason I think the prices will be dramatically higher is because of the lower capacity.
“Take out Thomas Cook (six million seats), Flybe (eight million seats), Norwegian (almost 24 million seats) – Alitalia is reducing its fleet by 40 percent. In 2022 there will be around 20 percent less short-haul capacity in Europe, with a dramatic increase in demand. “
Ryanair prices will be cut this winter to “win market share everywhere,” said O’Leary.
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