Ryanair boss Michael O'Leary has warned holidaymakers that summer holidays in 2022 are going to be more expensive as demand increases.
During an interview with The Times, O'Leary said that while confidence is returning and passenger numbers are increasing, this will have a knock-on effect in terms of pricing as demand soars.
The Ryanair boss has said that a rise in demand for holidays would coincide with fewer flights, which would lead to rising prices for consumers.
O'Leary believes that this increase won't just be for flights, but also for hotels.
O’Leary said: “I think there will be a dramatic recovery in holiday tourism within Europe next year. And the reason why I think prices will be dramatically higher is that there’s less capacity."
During another recent interview, Ryanair's Marketing Director said that its winter routes from Ireland will be 'running behind' where they were in 2019 because the recovery here has been slower than in other countries.
Dara Brady, Marketing Director for Ryanair added: "Many, many other European countries are putting incentive schemes in place to drive recovery.
"We're probably only running at about between 60% and 70% of recovery in Ireland, where we're running at - for example - over 100% in Italy."
Speaking on Newstalk's The Hard Shoulder, Mr Brady added: "So our winter schedules are going to be still running behind where we would have been in 2019 in Ireland. We really need to see some action from Minister [Eamon] Ryan, in particular, in terms of actioning the recommendations from the Aviation Taskforce report that's sitting on his desk.
"We think that if the Government was to push on and to incentivise tourism recovery here, that our growth would be far greater."
Despite this setback for some routes over the months ahead, the low-cost airline has been boosted by the ever-growing number of people who want to avail of air travel.
Last month, Ryanair had 11 million passengers which represents an increase of 2m from July, and double what it carried in June.
Mr Brady said in relation to its Irish business, the low-cost airline is "probably about 75/80% of the way back in terms of the recovery."
