Ryanair expects to cut its airfares by at least 10% to 15% over the next two years due to falling oil prices.
Boss Michael O’Leary told a French newspaper the airline would pass the decrease in costs on to consumers.
He told the French weekly Le Journal Du Dimanche that Ryanair’s average fare could be €40 by 2016. It is currently €46, he said.
"This will come as we pass on lower oil prices. We will also continue to grow passenger numbers and cut our costs," O’Leary told the paper.
