Airfares to and across Europe are spiralling by anything from 15% to 50% for summer travel, due to low supply and incredibly high demand.
Michael O’Leary, the Chief Executive of Ryanair, one of Europe’s biggest airlines, has said that prices will rise as much as 15%, while the travel booking website Kayak reported that flights between European and Australian destinations have risen by as much as 50% for summer vacations.
O’Leary told The Telegraph that average fares across Europe rose by 20% in 2022 and that this summer, he expects that fares will jump again by almost the same amount.
The reason is that airlines
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