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Ryanair CEO says airline's fares may rise slightly this winter

Ryanair CEO says airline's fares may rise slightly this winter

- Ryanair Chief Executive Michael O'Leary said the airline's fares may rise slightly this winter but he is reasonably hopeful they will be "flat-ish" following a mild upturn in the last month and the airline's decision to cut some winter flights.

"In the last month there's been a slight upturn in fares, nothing significant, but we think there's a possibility towards the end of the year that fares will be flat-ish through the winter," O'Leary told a news conference.

"A lot depends on what happens to oil prices for the next five or six months... But I would be reasonably hopeful that pricing will be flat-ish, maybe even slightly positive in the second half of the year."


(Reporting by Conor Humphries and Graham Fahy, writing Padraic Halpin, editing by William James)

((padraic.halpin@thomsonreuters.com; +353 1 500 1504; Reuters Messaging: padraic.halpin.thomsonreuters.com@reuters.net))

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