Ryanair warns of higher ticket prices

This is reported by the publication NV. Business with reference to the Financial Times.

The head of the Irish low-cost airline Ryanair, Michael O'Leary, warned that in the next five years, flight prices will rise.

There are several contributing factors for this. The first and most obvious is Russia's invasion of Ukraine.

In addition, the combination of high oil prices and environmental charges will also see Ryanair's average fare rise from €40 to €50-60.

O'Leary also criticized the British authorities for Brexit, which is now preventing airlines from easily hiring European workers, which the industry says has exacerbated this year's staffing shortages.