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Ryanair’s O’Leary - Prediction for Air Travel Rebound

24th April 2020 - 5:00pm

Michael O’Leary (Ryanair CEO)

Michael O’Leary (Ryanair CEO)

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Michael O’Leary has clearly proved himself when it comes to running an airline. Here’s hoping his forecast for when travel will return in a meaningful way is also on the money.

 

Ryanair’s CEO shared his view with Reuters this week, predicting a swift traffic rebound with a limited resumption of air travel in June followed by a resurgence of European travel due to last-minute holidays in July and August.

 

"Lots of people across northern Europe have been locked up in apartments [who] will all want to go on holiday before the kids go back to school as long as they can do so in reasonable safety," he said.

 

Once coronavirus restrictions are lifted and tourists return to holiday destinations, Ryanair supports anti-coronavirus measures including masks and temperature checks for passengers and crew, while rejecting calls for planes to fly one-third empty.

 

"Volumes will be back on a normal footing but on lower pricing," Mr O'Leary predicted. "The minute we're about to start flying again we'll start doing seat sales, and so will every other airline. Whether it's €9.99, €4.99, €1.99 or 99 cents per seat, we almost don't care - our critical thing in the short term isn't to make money, it will be to get our pilots and cabin crew back flying and the aircraft back in the air," he said.

 

For Ryanair, nonetheless, "2021 has every prospect of being a bumper year in terms of earnings," Michael O'Leary also predicted. He added that the summer of 2021 had huge potential as holidaymakers make up for the previous years thwarted plans. I know I’ve been wishfully browsing of holiday spots for next year already - though that’s my guilty pleasure at the best of times!


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Michael O’Leary (Ryanair CEO)
Ryanair gets ready for the rebound

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