The golden age of low cost travel is over, claims former Ryanair boss
3 March 2011Tim Jeans, former commercial director at Ryanair, said the golden age for ”low, low fares” is coming to an end.
He blamed escalating fuel costs, increased ‘Air Passenger Duty’ and so-called green programmes like the ‘Emissions Trading Scheme’, for impacting on airline profits.
Talking about whether the ”golden era of air trave’l’ was over, Mr Jeans said: ”The only thing that can happen is fares will go up and passengers go down. The vicious circle of decline in our industry will start.”
source: dailymail.co.uk
