00:00 Hello, my name is Greg Wright, I'm the Deputy Business Editor of the Yorkshire Post. Here
00:06 are your business headlines for this morning.
00:09 Holidaymakers will face higher airfares this summer because of capacity constraints, according
00:14 to the boss of Ryanair. Chief Executive Michael O'Leary said issues limiting the number of
00:18 available aircraft mean European airlines will struggle to meet demand for travel during
00:23 the peak season.
00:25 He predicted that Ryanair's ticket prices will be up to 10% more expensive this summer
00:30 compared with the same period last year.
00:34 Mr O'Leary said this is because the carrier's growth in passenger numbers will be lower
00:37 than expected because Boeing's new aircraft deliveries are being delayed.
00:42 So update there from Ryanair, warning that holidaymakers will face higher airfares this
00:46 summer because of capacity constraints.
00:50 My name's Greg Wright, I'm the Deputy Business Editor of the Yorkshire Post.
00:54 [BLANK_AUDIO]
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