Ryanair Airfares on the Rise

The cost of travelling is continually on the rise and so the latest announcement from Ryanair comes at a time when customers thought that the cost of flights could not get any more expensive.

Europe's largest low cost airline, Ryanair, announced that it expects to increase the price of airfares by around 10% over the next six months, which will have a knock-on effect on profit forecasts. This statement follows the 12% rise in the price of airline tickets over the last six months.

According to Michael O'Leary, Ryanair's chief executive, other airlines such as Air France, British Airways and Lufthansa are also expected to increase the cost of airfares. He also states that add-on fees for baggage check-in, priority boarding etc. will also increase.