Ryanair CEO Predicts Rising Ticket Prices if Budapest Airport Ownership Changes
Michael O'Leary, the CEO of Ryanair, suggests that a change in ownership of Budapest Airport could lead to increased prices for airline tickets for passengers.
The chief executive of Ryanair, Michael O'Leary, was once again visiting the Hungarian capital city, according to HVG.HU. He participated in a press conference during which he made several memorable statements in his usual fashion.
Speaking about Wizz Air, seen as a competitor, O'Leary claimed that its UPPER MANAGEMENT IS MADE UP OF "FAKE PLANES" and stands no chance of competing with Ryanair, which he views as holding a leading position in the Hungarian market. Additionally, this year Ryanair plans to expand its network of destinations available from Budapest to a total of 66.
At its base in Hungary's capital, the company plans to INVEST $1 BILLION IN THE PURCHASE OF NEW AIRCRAFT. Consequently, they are eager to fully utilize this investment by intending to increase annual Hungarian passenger traffic by nearly a quarter, up to 5 million passengers.
Among the company's objectives, it highlights the ambition to DEFINITIVELY OVERTAKE its largest European rival, Wizz Air.
O'Leary didn't overlook the fact that the Hungarian government is currently aiming to become the owner of Budapest Airport. The CEO, often outspoken against Hungarian leadership, suggests that this could result in RISING EXPENSES AND HIGHER PRICES FOR AIRLINE TICKETS.
Speaking about Wizz Air, seen as a competitor, O'Leary claimed that its UPPER MANAGEMENT IS MADE UP OF "FAKE PLANES" and stands no chance of competing with Ryanair, which he views as holding a leading position in the Hungarian market. Additionally, this year Ryanair plans to expand its network of destinations available from Budapest to a total of 66.
At its base in Hungary's capital, the company plans to INVEST $1 BILLION IN THE PURCHASE OF NEW AIRCRAFT. Consequently, they are eager to fully utilize this investment by intending to increase annual Hungarian passenger traffic by nearly a quarter, up to 5 million passengers.
Among the company's objectives, it highlights the ambition to DEFINITIVELY OVERTAKE its largest European rival, Wizz Air.
O'Leary didn't overlook the fact that the Hungarian government is currently aiming to become the owner of Budapest Airport. The CEO, often outspoken against Hungarian leadership, suggests that this could result in RISING EXPENSES AND HIGHER PRICES FOR AIRLINE TICKETS.
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