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Ryanair CEO says Christmas pricing and demand very strong

Published 01/12/2022, 12:18
Updated 01/12/2022, 12:23
© Reuters. FILE PHOTO: Ryanair CEO Michael O'Leary reacts as he holds a news conference in Brussels, Belgium September 7, 2022. REUTERS/Johanna Geron/File Photo

DUBLIN (Reuters) - Ryanair (LON:RYA)'s Christmas bookings are running ahead of pre-pandemic levels, with average air fares up by a low double-digit percentage as passengers travel freely for the first time in three years, Chief Executive Michael O'Leary said on Thursday.

© Reuters. FILE PHOTO: Ryanair CEO Michael O'Leary reacts as he holds a news conference in Brussels, Belgium September 7, 2022. REUTERS/Johanna Geron/File Photo

"Christmas is very strong. At the moment Christmas bookings are running ahead of where they were pre-COVID in 2019 and pricing is ahead by a low double-digit percentage," O'Leary told reporters.

He added that the low-cost carrier, Europe's largest airline by passenger numbers, has engaged in almost no price discounting since September, with the exception of a modest Black Friday sale, owing to the strength in demand since the summer.

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