The airline Ryanair will no longer be in a position to offer flights at very low prices, according to the airline’s chief executive Michael O’Leary. 

In an international report published by The Guardian on Thursday, it was reported that the CEO O’Leary explained that this is due to the increase in the price of fuel. 

Known for it's extra-cheap flight offers in the past, O’Leary said that the era of Ryanair's €10 flight tickets will end for now, and the lowest prices will be between €40 and €50 for the next five years. 

Despite this, O’Leary said that people will continue to fly but customers would be far more price sensitive and look for bargains before they travelled, as rising food and energy bills affected disposable income.