HomeNewsNewsUK households hit by rising cost of living; Omicron pushes up US jobless claims – business live | Business

UK households hit by rising cost of living; Omicron pushes up US jobless claims – business live | Business

Fares are also likely to rise across the European short-haul sector this summer due to lower available capacity, said Eddie Wilson, chief executive at Ryanair DAC, the largest airline in the Ryanair Group.

Wilson did not give specific guidance about Ryanair’s prospects, citing reporting restrictions ahead of the company’s third-quarter financial results on Jan. 31, but he did say the airline’s focus was “all about next summer”.

“There is a sea change, based on what we believe will be customer confidence and the timing of the peaking of Omicron,” Wilson told Reuters in an interview when asked if the airline was a lot more confident than a few weeks ago.

“I think people’s mindset has moved as well in terms of ‘I’m traveling’, ‘I’m going’,” Wilson said. “They can see the summer. They are not in the darkest days of where we were the previous year.”

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