Ryanair boss says fares will FALL 15% by March next year

RYANAIR passengers finally have one thing to celebrate…prices are going down.

Fares have already fallen by 10 per cent in recent months and the airline’s boss predicts they could drop by a total of 15 per cent by next March.

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Speaking about the first year financial results for the budget airline, Michael O’Leary, chief executive of Ryanair told Bloomberg TV: “We are looking at a year where as far as we can see air fares will keep falling. We are looking at extraordinary fare declines.”

He added that the company had “hedged on sterling”, which means it will not be affected by the drop in the value of the pound over the next 12 months.

Ryanair fares have fallen by 10 per cent in the six months to September and its pre-tax profits rose by 6 per cent to £1.17billion.

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O’Leary said that fares had been cut due to a drop in fuel prices.

Last month, Ryanair angered customers when it introduced a £6 fee for anyone who wants to check-in more than four days in advance of a flight.

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In the past passengers could check-in for free up to seven days before a flight. Anyone who forgets to check-in will have to pay £45.

Those who want to pre-book a flight in advance must pay between £8 and £15 to pre-book a seat and they can do this 30 days in advance.

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