Ryanair CEO again refers to low-cost US services

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By TESTCustomwebLP TESTCustomwebLP January 27, 2015 21:15

Ryanair CEO again refers to low-cost US services

Speaking to the Irish Independent, Michael O’Leary, CEO of Ryanair, has again stated that the airline would be ready to offer transatlantic fares from as low as $100 for a return trip between the US and Europe. O’Leary is planning a large scale launch of service, which would be under a new Ryanair subsidiary, between 15 major European cities and 15 US cities using a fleet of 30-50 aircraft.

“We’ll need something in the order of 30-50 aircraft,” said O’Leary. “We’re not interested in doing something small scale.”

“The average price should be somewhere in the mid-EUR80s or mid-EUR90s.” He said such a low-cost transatlantic airline fare could still make profits but would require cheap long-haul aircraft purchase.

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By TESTCustomwebLP TESTCustomwebLP January 27, 2015 21:15