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O'Leary: 'Terrorism won't stop people flying - but it'll make us lower our prices'

The Ryanair chief is predicting a price war in Europe and he says his company will win.

Image: Laura Hutton/RollingNews.ie

RYANAIR’S CHIEF EXECUTIVE has said recent terrorist attacks have affected the pricing of flights.

Speaking today as his company predicted slower profit growths, Michael O’Leary said the attacks in Paris and Brussels had an impact on the market.

“What terrorists always misunderstand is that it won’t change customers’ behaviour, but the airlines will respond with lower prices to keep people flying,” he said.

His comments come as Egyptian authorities continue to search for clues about the EgyptAir crash. The country’s president has said it is still too early to tell what caused the plane to plunge into the sea with 66 people on board last Thursday. Terrorism has not been ruled out as a factor.

Price war

The Guardian reports O’Leary said fierce competition with fares is expected in the coming months.

Ryanair is a major player in many of the markets and airports it flies to. If it cuts prices, other airlines will have to respond to that.

“If there is a fare war in Europe, then Ryanair will be the winner,” he added.

- With reporting from AFP. 

Read: Ryanair has just announced MASSIVE full year profits>

Read: Ryanair’s foray into Brexit could land them a police ‘bribery’ probe (and tonnes of publicity)>

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