Ryanair boss Michael O'Leary told BBC Breakfast on Monday that holiday and flight prices will soar in summer 2022 if getaways are not booked early enough. He urged Britons to get any holiday bookings in early for next summer to avoid the price hikes but stressed travel bargains for this summer are still available. He pointed to the "25 percent less (seat) capacity next summer" as well as the large losses of airline providers as the reason behind the soaring prices.
The Ryanair CEO was asked by co-host Dan Walker what the future of air travel will look like after the coronavirus pandemic.
Mr O'Leary replied: "We've seen Thomas Cook has gone bust, FlyBe has disappeared, Level, German Wings.
"So there is going to be less seats available when we finally emerge out of the Covid-19 crisis."
He then warned: "I think the risk is that fares are likely to be higher not in the summer of 2021 but into the summer of 2022.
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© BBCMichael O'Leary
The Ryanair boss added: "And that's one of the reasons that Ryanair is buying more aircraft.
"We've ordered 210 more aircraft from Boeing we hope to take delivery of 60 more aircraft this winter."
Mr O'Leary explained: "So that we can add more room, add more capacity.
"And try and keep prices down for hard-pressed families going on holidays in 2022."
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The budget airline boss was then pressed on how much prices could rise by.
He said: "It's very difficult to know.
"If there is 25 percent less capacity next summer there is no doubt in my mind that prices will rise particularly during the peaks of the bank holiday weekends, the school holiday travel period.
"But that won't affect bookings for summer 2021 and in 2021 prices will never be cheaper because all the airlines are running on much lower advance bookings than we have ever had before because of the travel restrictions."DON'T MISSTUI to fly from just four airports amid 'traffic light' rules - more holidays cancelled [TRAVEL NEWS]Cruise holidays: New protocol when disembarking in the Balearic Islands [CRUISE]Spain holidays: Canary Islands will be added to UK green list 'imminently' claims insider [TRAVEL NEWS] © Getty ImagesBrits can fly to Portugal from Monday 17th May
He stressed how this summer there are some "great travel bargains" for Britons to get their hands on
But he urged people to "book very early" for summer holidays in 2022 adding "there will be less seats and prices will be higher."
Foreign holidays have begun again from Monday, May 17 with top destinations including Portugal and Singapore which feature on the travel green list where Brits will not need to quarantine.
And Sky News reported how 20 flights from Britain are scheduled to touch down in Faro in Portugal later on Monday morning.