Holidaymakers will face higher air fares this summer because of capacity constraints, the boss of Ryanair has warned. Chief executive Michael O’Leary said issues limiting the number of available aircraft mean European airlines will struggle to meet demand for travel during the peak season.
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00:00 Hello, my name is Greg Wright, I'm the Deputy Business Editor of the Yorkshire Post. Here
00:06 are your business headlines for this morning.
00:09 Holidaymakers will face higher airfares this summer because of capacity constraints, according
00:14 to the boss of Ryanair. Chief Executive Michael O'Leary said issues limiting the number of
00:18 available aircraft mean European airlines will struggle to meet demand for travel during
00:23 the peak season.
00:25 He predicted that Ryanair's ticket prices will be up to 10% more expensive this summer
00:30 compared with the same period last year.
00:34 Mr O'Leary said this is because the carrier's growth in passenger numbers will be lower
00:37 than expected because Boeing's new aircraft deliveries are being delayed.
00:42 So update there from Ryanair, warning that holidaymakers will face higher airfares this
00:46 summer because of capacity constraints.
00:50 My name's Greg Wright, I'm the Deputy Business Editor of the Yorkshire Post.
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