Ryanair chief says all flights free in 10 years

Ryanair's chief executive Mr Michael O'Leary says he believes that in ten years' time at the latest, the airline will be able…

Ryanair's chief executive Mr Michael O'Leary says he believes that in ten years' time at the latest, the airline will be able to give away its flight tickets for free and generate all its revenue from other sources.

"We'll get our money from the hotels that we're bringing guests to, the rental car companies, the airport shops and the airports, who are happy that we use them," Mr O'Leary told Die Zeit newspaper in an interview to be published tomorrow.

He added that Ryanair will sink its prices as its competitors lift theirs, "because they're all losing money."

Mr O'Leary predicted that German budget airlines like Air Berlin, dba and TUI AG's HLX will disappear from the market.

READ MORE

"They will continue to lose money, and at some stage they'll be gone," he said, adding he sees only four big airlines in Europe in five years' time - Deutsche Lufthansa AG, Groupe Air France, British Airways PLC and Ryanair.