Ryanair the Irish discount air carrier hopes to offer transatlantic flights within the upcoming 3 to 5 years to select cities on both sides of the Atlantic after the discount carrier’s board approved the move.
However, what is most astonishing is the promotional fares, which are one-way that could cost as little as $15. The one problem remains the amount of time it would take the Irish carrier to find long distance aircraft, which is the Airbus A350 or the Boeing Dreamliner.
Both of the carriers are long-haul, and have airlines standing in line to acquire fleets of the aircraft. This means that Ryanair would be standing at the end of each line and it could be years before any long haul aircraft became available.
Consumers in Europe want air travel that is lower cost to the U.S. and the same holds true for Americans wanting to travel to Europe. We want it to be a logical development of the market in Europe said the airline in a prepared statement.
The low cost fares could revolutionize how Europeans and Americans vacation and open up a brand new market for travel over long weekends, according to people close to the situation.
New demand would be generated and people could fly across the Atlantic for small sums.
According to a report in a British daily, the Irish carrier would have 10 hubs in Europe including Cologne, Dublin, and London amongst others. Those hubs would be servicing major cities in the U.S. such as New York, Boston, Washington D.C. and Miami.
Ryanair might be attempting to capitalize on the low cost market that a Norwegian airline attempted to corner and that already has a fleet of Dreamliners, and started flying the transatlantic route two years ago. However, the airline ran into financial problems in 2014 because of a lack of a high volume of air passengers that are enjoyed by other carriers. Ryanair might have a larger market share to make the expansion more feasible due to flying over 82 million people since March of last year.
Over that same period, 60 million passengers less flew with Norwegian Air shuttle.