[1/4] Ryanair CEO Michael O'Leary poses for a photo after an interview with Reuters in Rome, Italy, January 12, 2023.
"The outlook for the summer at the moment is very strong, strong booking, strong pricing," the CEO of Europe's largest airline by passenger numbers said in an interview after announcing new routes from Italy.
"I think there is a reasonable prospect that this summer again we will see high-single digit price increases, certainly for short-haul European air travel," he said, despite risks from new variants of the coronavirus and adverse developments in Ukraine.
"We don't worry too much about recession or consumer spending because that would drive more and more people to low cost airlines like Ryanair," he added.
($1 = 0.9265 euros)Reporting by Angelo Amante, editing by Jane Merriman and Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.