Ryanair predicts era of high-fare travel is over
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Ryanair: "People say the era of low-fare travel is over now that oil is USD130 a barrel. Bullshit. The era of high-fare travel is over. I hope oil stays high for the Winter, so a lot of crappy airlines go out of business. A few carriers will be safe, but everyone else is in danger of going bust", Michael O'Leary, CEO, 03-Jun-08.
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