Ryanair to cut prices by as much as 12%

Michael O’Leary’s vow to ‘fill our aeroplanes’ raises prospect of price war

Ryanair plans to cut fares this year to fill its planes, raising the prospect of a price war for passengers between Europe’s airlines.

The group, Europe’s biggest airline, will cut prices by an average of 7% in its current financial year, which ends in March 2017, its chief executive, Michael O’Leary, said. Prices will drop by 5% to 7% during the summer and as much as 12% in the winter, O’Leary predicted.

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