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Share Price: 171.40
Bid: 171.60
Ask: 171.70
Change: 1.15 (0.68%)
Spread: 0.10 (0.058%)
Open: 170.30
High: 173.50
Low: 170.25
Prev. Close: 170.25
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UPDATE 3-Ignore ministers and book your holiday, Ryanair boss says

Wed, 24th Mar 2021 10:34

(Updates with Ryanair CEO comment, detail, background)

By Sarah Young and Laurence Frost

LONDON, March 24 (Reuters) - British tourists should go
ahead and book foreign holidays despite government warnings not
to, Ryanair boss Michael O'Leary said on Wednesday, as
the low-cost carrier announced plans to run 80% of its peak
summer capacity.

Vaccine rollouts will tame COVID-19 and reopen travel in
time for beach holidays, O'Leary predicted during a news
conference in which he also dismissed recent advice from UK
ministers that foreign travel is likely to remain off-limits.

"I don't frankly pay too much attention to it," he said,
citing the UK's "spectacularly successful vaccine programme"
that aims to reach the entire adult population by late July.

Britain's lead on vaccinations has put UK tourists at the
centre of the travel industry's summer hopes - dented by recent
setbacks to immunisation campaigns in mainland Europe and a
recent surge in infection rates.

O'Leary reported a surge in bookings from Britain and
Germany, in comments that contrast with the gloom besetting the
industry as it faces the risk of a second ruined peak season.

Airline and travel shares have fallen this week since the UK
toughened its stance, but regained some ground on Wednesday with
TUI up 7.8%, British Airways owner IAG 5.5%
higher, easyJet up 3% and Ryanair 0.6%.

Ryanair staged separate online press briefings on its UK,
Spain and Greek travel schedules in what O'Leary said was an
attempt to encourage consumers to book.

The Irish budget airline announced 26 new destinations in
Greece, Portugal and Spain and plans to operate a total of 2,000
weekly flights on 400 summer routes.

Vaccinations will have COVID-19 under control across the
region by summer, O'Leary forecast, and Britain would then have
no grounds to bar foreign trips.

"If you're fully vaccinated, I'd be very surprised if there
was any legal basis for the UK government preventing people
travelling on holidays to other European countries," he said.

"It is very difficult to persuade the UK population to sit
at home, or holiday at home, when everybody's been vaccinated."

Britain has banned foreign travel until at least May 17,
except for essential work, education or health reasons.
Consumers should "hold off booking international travel", social
care minister Helen Whately said earlier this week.

Ministers are due to review that position in April and "hope
to be saying some more by April the 5th", Prime Minister Boris
Johnson said on Tuesday.
(Reporting by Sarah Young in London and Laurence Frost in
Paris; Additional reporting by Conor Humphries in Dublin,
Clara-Leila Laudette in Madrid and Angeliki Koutantou in Athens;
Editing by Guy Faulconbridge and Elaine Hardcastle)

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*

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