Edie Wilson, CEO of Ryanair , announced in an interview with the newspaper La Stampa: "Next summer we will increase prices." She explained: "This year we had fuel contracts signed before the Middle East crisis , but those coverages are expiring . Costs are rising, and all airlines will have to raise their rates to compensate. We will too."
Then the clarification: " Some companies won't be able to do so in time, because they will have already suffered too much damage . We're not happy when a crisis hits, but we prepare. Having a solid balance sheet also helps with this: keeping commitments while others are struggling."
(Unioneonline)
