Ryanair, the World’s most hated airline, plans to increase its fares at its Dublin hub and probably across its European network, Chief Executive Michael O’Leary was quoted as saying on Thursday.
O’Leary told the Irish Times newspaper average fares could rise from the beginning of its next financial year in April.
O’Leary is to hold a news conference later on Thursday to discuss changes to Ryanair’s summer schedule from Dublin Airport.
“There will be an extensive range of frequency and capacity cuts (in Dublin) starting on the 28th of March,” O’Leary told the newspaper.
Ticket prices are closely watched by analysts and O’Leary said he would be surprised if they didn’t go up by at least 5 to 10 percent out of Ireland.
He added that average fares across the entire airline could rise from April 1.