ryanair famed for its nofrills approach to flying will not be offering rockbottom fares for several years in the wake of soaring fuel costs chief executive michael oleary said thursday theres no doubt that at the lower end of the marketplace our really cheap promotional fares  the one euro fares the 099 euro fares even the 999 euro fares  i think you will not see those fares for the next number of years he said in an interview with the bbc oleary said he expected the irish carriers average fare to rise to about 50 euros 52 over the next five years from roughly 40 euros in 2021 passengers lucky enough to have grabbed a promotional fare have tended to pay far more however with ryanair charging additional fees for transporting luggage and extras such as fasting boarding soaring energy prices which have caused a costofliving crisis in ryanairs key market britain could in fact benefit the airline as passengers spurn more expensive rivals oleary added we think people will continue to fly frequently but i think people are going to become much more price sensitive and therefore my view of life is that people will trade down in their many millions he said airlines are seeing strong recovery in passenger demand since countries lifted covid travel restrictions but they are struggling to recruit staff after having sacked thousands of workers at the height of the pandemic in 2020 as lockdowns grounded planes while many workers have found work in other sectors oleary again blamed brexit telling the bbc that britains departure from the european union had proved to be a disaster for the free movement of labour