Ryanair Plans €10 Transatlantic Flights
Published on Feb 26 2014 10:51 AM in General Industry
Ryanair chief Michael O' Leary has said that the low-cost airline will sell €10 flights to the US when it finally manages to get the long haul aircraft needed.
He said a business plan is already in place but it may take a few years to enact because Arab states are snapping up so many of the new planes on the market with no regard for price.
He was speaking yesterday as a guest speaker at the Irish Hotels Federation conference in Meath.
The flights to the US would operate not just from Ireland but from 12-14 major destinations across Europe.
"We can make money on 99 cent fares in Europe – not every seat will be €10 of course, there will also need to be a very high number of business or premium seats," he said.
“We’d love to exploit European-U.S. open skies,” O’Leary had said last year in an interview on Bloomberg Television.
Speaking at the conference, O'Leary applauded the Government for scrapping the travel tax and stated that Ryanair would carry another 1 million passengers to the country as a result.
However, he also urged Transport Minister Leo Varadkar to privatise Irish airports, in order to make them more efficient than those in other European cities.
A full review of the Irish Hotels Federation Conference will be in Hospitality Ireland Magazine's next edition.